BRB acquires investment bank - LatinFinance

BRB acquires investment bank - LatinFinance

State-controlled Banco de Brasilia’s purchase of a majority stake in Banco Master sent the shares of the latter soaring The post BRB acquires investment bank appeared first on LatinFinance.

In 2022, the Securities and Exchange Commission (CVM) rejected the proposed Term of Commitment submitted by those involved in an Administrative Procedure that investigated fraudulent transactions in the capital market. The case involves suspected irregularities in the third issue of shares in the Brazil Realty FII fund, a real estate investment fund. Names like Daniel Vorcaro, Banco Máxima — renamed Banco Master in 2021 — and other partners in t…

The Federal District Public Accounts Office opened a procedure to investigate the acquisition of 58% of the Master Bank's shares by BRB (Bank of Brazil), an institution whose largest shareholder is the district government. Read more (04/01/2025)

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The BC (Central Bank) received the documents for the purchase order for Banco Master from BRB (Banco de Brasília), announced on Friday (March 28, 2025) by the state bank of the Federal District. The analysis of the material, however, will take several months. First, the BC will verify whether the two financial institutions have submitted all the necessary documents. If the material is complete, the agency will open the procedural instruction and…

Bank of Brasília (BRB) shares soared almost 100% this Monday (31), after the institution announced on Friday (28), after the close of the trading session, the purchase of Banco Master. Around 11:25 (Brasília time), BRB shares practically doubled in value, to R$ 14.98 each, after starting the session worth R$ 7.53. The acquisition was approved on Friday by the BRB board of directors, as reported by the bank in a relevant fact, but the transaction…