Nubank sends false liquidation alert due to developer error

On Friday (12), Nubank sent erroneous messages to some clients about a nonexistent liquidation by the Central Bank. The error was caused by a developer who accidentally triggered a warning system.

The notifications were sent via app, SMS and email to a small portion of Ultravioleta clients. They reported an extrajudicial liquidation and procedures for recovering values through the Credit Guarantee Fund.

Cristina Junqueira, Nubank founder, stated on Instagram that the error was operational and called the situation "bizarro". She explained that a collaborator submitted a pull request that accidentally activated the liquidation protocol, and apologized to affected clients.

Nubank said in a note that the episode was a one-off technical error, identified and corrected quickly, with no impact on operations. The Central Bank also issued a note on Friday denying the information. The bank's shares in New York rose 0.8%, while BDRs on B3 fell 1.7%.

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Illustration of Brazil's Central Bank imposing eight-year secrecy on Banco Master liquidation documents, with locked files, stamps, and 2033 calendar.
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Central Bank imposes eight-year secrecy on Banco Master liquidation documents

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Brazil's Central Bank has classified documents related to the extrajudicial liquidation of Banco Master as secret for eight years, with public release set for November 2033. The decision follows internal norms and aims to preserve the country's financial, economic, and monetary stability. It responds to a request by Folha under the Access to Information Law.

Nubank shares rebounded 4% on the New York Stock Exchange on Thursday following recent declines triggered by the departure of finance chief Guilherme Lago.

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Nubank released record results for the first quarter of 2026 on Thursday, with revenue above US$5 billion and net profit of US$871 million.

Banco Nación announced a new personal loan line to consolidate debts into a single monthly payment. The measure aims to prevent default and protect clients' credit histories.

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Argentina's Central Bank (BCRA) has fined ARS Cambios SAS, operating as Sur Finanzas and linked to AFA president Claudio “Chiqui” Tapia, 18 billion pesos and banned it from currency exchange operations. The firm conducted over US$25 million in foreign currency transactions from January to December 2023 without verifiable genuine destinations for the funds. Its administrator and her son face individual fines and bans from financial roles.

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