Brazil’s Central Bank Was Warned for Years of Banco Master Risks

Brazil’s top financial regulator was warned for years that Banco Master SA, which was liquidated this week amid allegations of fraud, was expanding at an alarming pace while holding opaque...

By Matheus Piovesana, Cristiane Lucchesi · Bloomberg Markets

Brazil’s top financial regulator was warned for years that Banco Master SA, which was liquidated this week amid allegations of fraud, was expanding at an alarming pace while holding opaque assets.