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flag Mastercard gained 6.93% of Brazil’s BRB via a lien from a debt default, plans to sell shares, while its bank unit was liquidated over fraud and insolvency.

flag Mastercard now holds 6.93% of Brazil’s Banco de Brasília via a legal lien after a debt default, acquiring 33.6 million shares without strategic intent, with plans to sell them per regulations. flag The stake arose from a collateral chain tied to businessman Nelson Tanure, involving funds like WNT and Celeno. flag BRB said control remains unchanged, leadership is being reshuffled, and no capital raise has been mandated. flag Separately, Brazil’s central bank ordered the liquidation of Will Financeira, a unit of Banco Master, due to insolvency and fraud probes, following Mastercard’s suspension of its cards over unpaid settlements.

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