LatinNews Daily - 22 January 2026

*Brazil’s central bank (BCB) has ordered the liquidation of Will Financeira S.A. Crédito, commonly known as Will Bank, a digital banking service which was a subsidiary of the collapsed bank Banco Master. In November the BCB liquidated Banco Master, which was deemed to be unable to meet its financial obligations. Despite being owned by Banco Master, Will Bank was not liquidated in November. The CEO of Banco Master, Daniel Vorcaro, is under investigation for fraud and was temporarily arrested in November. Last week the federal police (PF) launched a new phase of the Banco Master fraud investigation, raiding the properties of individuals with ties to Banco Master. According to media reports, Will Bank had been seeking a new buyer, although negotiations for an acquisition have not been successful. Yesterday the BCB declared that the fintech firm should be shuttered due to its “compromised economic and financial situation”, its “insolvency”, and its “link” to Banco Master. 

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