The fast-moving sequence of events opened a new chapter in the saga of the financial company’s high-flying ascension and sudden downward spiral. Regulators and competitors have said Banco Master has exposed the need for better oversight and tighter rules.
The Central Bank of Brazil
Photographer: Ton Molina/Bloomberg
Federal police said Tuesday that they arrested six people, without identifying them. A person familiar with the matter confirmed Vorcaro was among the arrests, and another person said he had been planning to ...