LatinNews Daily - 06 January 2026

*Jhonatan de Jesus, a member of Brazil’s federal audit court (TCU), has ordered an investigation into the central bank (BCB)’s November decision to liquidate Banco Master, a private bank. This follows months of media speculation over the fate of the high-profile bank, which grew rapidly due to strategies such as selling high-yield debt through investment platforms but has struggled in recent years and been unable to fulfil financial obligations. Banco Master’s CEO, Daniel Vorcaro, was also arrested in November but was later released from preventive detention, although he is still currently under investigation for alleged fraud. The investigation ordered by De Jesus could provide some relief to the ailing bank, with the TCU set to probe the BCB and evaluate whether the internal review process for its decision to shutter Banco Master had a sound “juridical-technical” basis, as the TCU judge’s order explains. The order does not include a suspension of the liquidation process, but media reports speculate that it could pave the way for the bank’s dismantling to be halted.

End of preview - This article contains approximately 172 words.

Subscribers: Log in now to read the full article

Not a Subscriber?

Choose from one of the following options

• Subscribe
• Sign up for a one-time, 14-day trial