Financial frauds

Central Bank liquidates Will Bank in Master scandal

Rabu, 21 Januari 2026 Dilaporkan oleh AI Gambar dihasilkan oleh AI

Brazil's Central Bank decreed the liquidation of Will Bank, the digital arm of the Master group, on Wednesday (21) after it failed to meet commitments with the Mastercard network. The move raises costs for the Credit Guarantor Fund (FGC) to around R$ 50 billion, the fund's largest ever. Customers report difficulties accessing funds and paying bills, as STF investigations into bank frauds face ongoing pressure.