Banco Master
Vorcaro denies fraud in Banco Master credits to PF
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Daniel Vorcaro, owner of Banco Master, denied to the Federal Police having defrauded credit portfolios worth R$ 12.2 billion sold to BRB, claiming he did not know which were good or bad. The portfolios, acquired from Tirreno consultancy, allegedly originated from payroll loans via Bahia public server associations, but indications point to forgery to inflate the bank's balance. The testimony took place on December 30, 2025, at the STF, under the rapporteurship of Dias Toffoli.
The Supreme Federal Court (STF) restarts activities on Monday (2) after a recess marked by controversies in the Banco Master investigation. The court faces internal divisions and pressures from the National Congress in an election year. President Edson Fachin seeks to defend the court's image in a solemn session with nearly full quorum.
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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.