Brazil's Central Bank Has Closed 17 Financial Firms This Year

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In 2026, Brazil’s central bank liquidated 17 financial firms, marking the highest annual total since 2002. The closures included Trustee and Banvox, which were reportedly controlled by Maurício Quadrado. Concurrently, the Federal District government petitioned the Supreme Federal Court to compel the federal government to guarantee a R$6.6 billion rescue loan for the state-owned Banco de Brasília (BRB). This legal action followed a stalled, three-month negotiation period regarding the state bank's financial stability.

Consequences

The Supreme Court’s impending ruling will determine whether the federal government must act as a guarantor for the BRB rescue loan, which is essential for the proposed capital injection to proceed. If the court rules against the Federal District, the rescue operation for the state bank faces continued uncertainty due to the lack of a federal guarantee.

Sources

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