Dossier
BRB
Coverage of BRB in the Nexus archive.
- Brazil’s BRB Scraps a R$15 Billion Deal to Offload Banco Master’s Assets
BRB has canceled a R$15 billion (approximately US$2.9 billion) deal to sell Banco Master's assets to Quadra Capital and will now sell them separately. The decision marks a shift in the asset offloading strategy.
- Brasília Signs a $1.2bn Bank Bailout as Fraud Fallout Spreads
Brasília's government authorized a $1.2 billion loan to rescue the state bank BRB, which was crippled by purchasing fake loan portfolios from the collapsed Banco Master. The funds come from the banking industry's deposit-guarantee fund.
- BRB Shareholders Greenlight Capital Raise of Up to $1.8 Billion
Banco de Brasilia (BRB) shareholders approved a capital raise of up to $1.8 billion. The announcement highlights the bank's strategic move to strengthen its financial position.