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Banco Master Liquidated: 12 Billion Reais Missing, President Arrested

1/22/2026

Summary

Story summary

Banco Master, a Brazilian mid-sized bank, was liquidated in November 2025 after a major scandal.
Daniel Vorcaro, the president of Banco Master, was arrested while attempting to flee to Dubai.
Estimated missing funds total 12 billion reais, affecting 1.6 million creditors.
The Central Bank's late intervention drew criticism and negligence accusations against officials.
Public funds will cover a large portion of depositor compensation, an unprecedented bailout in Brazil's financial history.

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Story summary

Banco Master, a Brazilian mid-sized bank, was liquidated in November 2025 after a major scandal.
Daniel Vorcaro, the president of Banco Master, was arrested while attempting to flee to Dubai.
Estimated missing funds total 12 billion reais, affecting 1.6 million creditors.
The Central Bank's late intervention drew criticism and negligence accusations against officials.
Public funds will cover a large portion of depositor compensation, an unprecedented bailout in Brazil's financial history.