Brazil’s Banking Crisis Worsens as Banco Pleno Follows Banco Master
Hey Digital Banking Fanatic!
Brazil’s central bank just liquidated Banco Pleno.
Another institution tied to Banco Master.
And another escalation in the country’s biggest banking fraud probe. 👀👇
Pleno held just 0.04% of system assets. Small on paper. But 160,000 creditors are affected. Up to R$4.