Brazil’s central bank shuts down lender connected to Banco Master
BCB says bank had “compromised economic and financial situation”
The Central Bank of Brazil (BCB) ordered the liquidation of the small lender Banco Pleno, a company with ties to the Banco Master case that has roiled the country’s political system.
The BCB said in a statement on February 18 that Banco Pleno had a “compromised economic and financial situation” and a worsening liquidity position. The central bank cited the lender’s failure to comply with local banking regulations, although it did not specify which rules were broken.
Banco Pleno has around 160
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