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The Nexus
BUSINESSJun 23 · 08:17 UTCTHE RIO TIMESLucía Martínez

Church-Owned Bank Digimais Is the Next Test of Brazil’s Master Crisis

Ratings agency Fitch downgraded Brazil’s Digimais, warning of a real possibility of failure. The mid-sized lender is controlled by billionaire Edir Macedo, founder of a global Pentecostal church. Its troubles worsened after the collapse of Banco Master, Brazil’s largest bank.

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DigimaisorganizationFitchorganizationEdir MacedopersonBanco MasterorganizationBrazilplaceglobal Pentecostal churchorganization
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