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BRB Shareholders Approve $8.8 Billion to Strengthen Bank

4/23/2026

40 9 Full Breakdown

Summary

Story summary

On April 22, 2026, BRB shareholders approved up to 8.8 billion reais in capital to strengthen the bank after issues with Banco Master.
The move follows a memorandum with Quadra Capital to create a 15-billion-real fund for Banco Master assets, with BRB receiving up to 4 billion reais.
Former BRB chief executive Paulo Henrique Costa was arrested for 146 million reais in bribes tied to Banco Master, liquidated last November.

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Story summary

On April 22, 2026, BRB shareholders approved up to 8.8 billion reais in capital to strengthen the bank after issues with Banco Master.
The move follows a memorandum with Quadra Capital to create a 15-billion-real fund for Banco Master assets, with BRB receiving up to 4 billion reais.
Former BRB chief executive Paulo Henrique Costa was arrested for 146 million reais in bribes tied to Banco Master, liquidated last November.