Union needs to resist pressure from the DF government for loan to BRBPhoto by Geancarlo Peruzzolo on Pexels
PoliticsCoimbra

Union needs to resist pressure from the DF government for loan to BRB

oglobo29 August 2026 at 04:09

The District of Columbia government has increased pressure for the Union to release a loan to Banco de Brasília (BRB), intended to cover a R$ 12.2 billion shortfall resulting from the bank's involvement in Banco Master fraud.

The deal between BRB and Banco Master was blocked in time. The Federal Police began investigating the case, Vorcaro's bank was liquidated by the Central Bank, and the then president of BRB, Paulo Henrique Costa, was arrested.

However, according to the article, the problem is far from being solved, as the billion-dollar shortfall still needs to be fixed.

The article is exclusive for subscribers and does not reveal further details about the negotiations between the DF government and the Union.

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