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RegExp("[?&]notifications=1(&|#|$)");"desktop"===y&&i&&b.test(window.location.search)&&(i.checked=!0)};ge("ybar-mod-notification",(function(e){var t={isUH3:"crunch"===e.getConfig().ytheme,notifContainer:document.getElementById("notification-container"),notifBadge:document.getElementById("notif-badge"),notifMenu:document.getElementById("ybarNotificationMenu"),notifMenuOpener:document.querySelector("#ybarNotificationMenu + label"),notifDropdown:document.getElementById("notifDropdownContainer"),tooltipContainer:document.querySelector(".".concat($n)),notifLabel:document.querySelector(".".concat(Xn))};t.notifDropdown&&so(e,t)}))}()}};]]>By Marcela Ayres and Ricardo BritoTue, November 18, 2025 at 3:03 PM GMT+1 3 min readBy Marcela Ayres and Ricardo BritoBRASILIA (Reuters) -Brazil's central bank effectively halted operations of mid-sized lender Banco Master, which had struggled in recent months with mounting liquidity pressures, on Tuesday as police arrested ​its controlling shareholder.The regulator named a liquidator to handle creditor claims and sell assets, closing a turbulent chapter for Master,‌ which had grown rapidly through an aggressive strategy built on high-yield debt sold through investment platforms."The central bank is the regulatory authority of the financial system, ‌and I'm certain that, to have reached this point, the process must be very robust," Brazil's Finance Minister Fernando Haddad told reporters after the announcement.Separately, Brazil's federal police said they had launched an operation against "the issuance of fraudulent credit securities by financial institutions".They did not name the targets of the raid, which sought to freeze 12.2 billion reais ($2.28 billion), ⁠but two sources with direct knowledge of the ‌situation said that Master's controlling shareholder Daniel Vorcaro had been arrested.Master, Vorcaro and Vorcaro's lawyer did not immediately respond to requests for comment on Tuesday.BRB CEO REMOVED FROM OFFICEThe police investigation involves the sale of ‍assets of Master's loan portfolio to BRB since last year, a third source with direct knowledge said. The state-run bank had planned to acquire Master, but the deal was blocked by the central bank in September.The monetary authority spent months assessing whether BRB, which is controlled by the government ​of Brazil's Federal District, had sufficient capacity to support the new capital structure before deciding to block the sale.BRB said in ‌a statement on Tuesday that a local court had ordered the suspension of its CEO Paulo Henrique Costa from his position for 60 days. Costa did not immediately respond to a request for comment.A fourth source said that the federal police had served search and seizure warrants at BRB's headquarters."BRB emphasizes that it has always acted within transparency and compliance standards. ... The bank continues to operate normally," BRB added in its statement.MASTER'S LIQUIDITY ISSUESThe central bank's order of a so-called extrajudicial liquidation came just ⁠hours after a consortium led by Brazilian investment group Fictor and unnamed investors from ​the United Arab Emirates said they had agreed to buy Master.Fictor did not immediately ​respond to a request for comment.Terms and Privacy PolicyPrivacy & Cookie SettingsMore InfoS&P Futures6,739.25 +77.75 (+1.17%)Dow Futures46,452.00 +244.00 (+0.53%)Nasdaq Futures25,142.75 +421.00 (+1.70%)Russell 2000 Futures2,377.40 +22.50 (+0.96%)VIX23.66 -1.03 (-4.17%)Gold4,096.50 +13.70 (+0.34%)PortfolioSign in to access your portfolioSign inTop gainersNUVB Nuvation Bio Inc. 7.15 +2.35 (+48.96%)EXAS Exact Sciences Corporation 86.18 +16.50 (+23.68%)AMTM Amentum Holdings, Inc. 25.52 +3.73 (+17.12%)PACS PACS Group, Inc. 16.83 +2.40 (+16.63%)TMDX TransMedics Group, Inc. 133.47 +16.40 (+14.01%)Top losersWIX Wix.com Ltd. 101.70 -25.22 (-19.87%)DGNX Diginex Limited 13.46 -2.74 (-16.91%)QFIN Qfin Holdings, Inc. 19.23 -3.19 (-14.23%)ES Eversource Energy 65.26 -9.28 (-12.45%)POWL Powell Industries, Inc. 285.29 -36.10 (-11.23%)Most activePLUG Plug Power Inc. 1.9000 -0.2400 (-11.22%)NVDA NVIDIA Corporation 186.52 +5.16 (+2.85%)ONDS Ondas Holdings Inc. 7.50 -0.34 (-4.34%)OPEN Opendoor Technologies Inc. 6.69 -0.83 (-11.04%)ABEV Ambev S.A. 2.4700 -0.0600 (-2.37%)Earnings eventsMy earnings eventsEarnings eventsTrending tickersNVDA NVIDIA Corporation 186.52 +5.16 (+2.85%)BTC-USD Bitcoin USD 95,061.10 -758.82 (-0.79%)CRWV CoreWeave, Inc. 74.92 +0.02 (+0.03%)AVGO Broadcom Inc. 354.42 +13.92 (+4.09%)PANW Palo Alto Networks, Inc. 199.90 -1.10 (-0.55%)Top economic events