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Banco Master Owner Arrested Amid Regulatory Misconduct Probe

3/6/2026

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Summary

Story summary

The arrest of Daniel Vorcaro, owner of Banco Master, has prompted a bank probe into alleged regulatory misconduct.
Two senior regulators, Paulo Sergio Neves de Souza and Belline Santana, allegedly advised Vorcaro and may have taken bribes.
Critics say the central bank acted too slowly.
The collapse cost the Credit Guarantee Fund (FGC) about 40 billion reais, and sanctions will follow if violations are found.

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Story summary

The arrest of Daniel Vorcaro, owner of Banco Master, has prompted a bank probe into alleged regulatory misconduct.
Two senior regulators, Paulo Sergio Neves de Souza and Belline Santana, allegedly advised Vorcaro and may have taken bribes.
Critics say the central bank acted too slowly.
The collapse cost the Credit Guarantee Fund (FGC) about 40 billion reais, and sanctions will follow if violations are found.