Financial frauds

Central Bank liquidates Will Bank in Master scandal

January 21, 2026 Ti AI ṣe iroyin Àwòrán tí AI ṣe

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.