Dossier
Digimais
Coverage of Digimais in the Nexus archive.
- Brazil Raids Digimais as Fitch Warns Edir Macedo’s Bank May Fail
Brazil's Federal Police raided Digimais, the bank owned by billionaire bishop Edir Macedo, freezing 670 million reais over alleged accounting fraud. Fitch warned that the bank may fail.
- 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.