Dossier
BRB
Coverage of BRB in the Nexus archive.
- Brasília Signs a $1.2bn Bank Bailout as Fraud Fallout Spreads
Brasília's government authorized a $1.2 billion loan to rescue the state bank BRB, which was crippled by purchasing fake loan portfolios from the collapsed Banco Master. The funds come from the banking industry's deposit-guarantee fund.
- BRB Shareholders Greenlight Capital Raise of Up to $1.8 Billion
Banco de Brasilia (BRB) shareholders approved a capital raise of up to $1.8 billion. The announcement highlights the bank's strategic move to strengthen its financial position.