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Banco Master
Defunct Brazilian financial institution
Banco Master
Banco Master was a Brazilian financial institution based in São Paulo which also served as an investment brokerage firm. It is in the process of being liquidated as ordered by the Central Bank of Brazil. The bank was founded in 1970 as Banco Máxima, but the name and direction of the company were changed in 2018 in the midst of reforms. On 18 November 2025, the bank was ordered by federal authorities to be extrajudicially liquidated, with the owner, Daniel Vorcaro, being arrested for money laundering as a result of the Banco Master scandal.
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