BRB headquarters building in Brasília Jornal Nacional/ Reproduction Banco de Brasília (BRB) and asset manager Quadra Capital canceled negotiations that began in April with the intention of structuring an investment fund aimed at transferring assets, currently at BRB, originating from operations with Banco Master. The operation, if completed, could transfer up to R$15 billion – part transferred in cash, part converted into shares in a fund that would be created to manage and monetize the files. In a note, BRB informed that the negotiations "were terminated, consensually, after the end of the negotiation period foreseen between the parties". Remember in the video below what this negotiation, now canceled, was predicted: BRB announces agreement to sell R$15 in Master assets "The decision to discontinue negotiations resulted from divergences in relation to the economic and financial parameters considered appropriate by the Bank for the operation", followed BRB. "Faced with this scenario, BRB chose to directly conduct the process of managing and placing these assets on the market, a strategy that reinforces its prudent action, its commitment to generating value and defending the interests of its shareholders, customers and other stakeholders", amended the institution. BRB ends this Friday's note by stating that it remains "solid, with an adequate liquidity position and full operational capacity to execute its business strategy". "Customers and the market can maintain their trust in the institution, which remains focused on long-term sustainability, the security of its operations and the provision of excellent services", concludes the bank. Crisis Union and DF Government close agreement to help BRB BRB is currently in crisis due to negotiations and operations carried out with Banco Master between 2024 and 2025, which totaled R$30 billion, according to data from the bank itself. BRB estimated that at least R$8.8 billion of the Master credits purchased by BRB are non-existent, fraudulent or difficult to recover securities. The DF government said it can recover R$2.2 billion to cover part of these bad bonds with other measures – but it would need a loan for the other R$6.6 billion. A law that authorizes the agreement signed at the Federal Supreme Court (STF) to facilitate the loan of R$6.6 billion was sanctioned on June 24th. The DF government is the controlling shareholder of the bank and uses BRB to operate more than 30 social programs, offer housing credit and even to operate the district employee payroll. Therefore, it is up to the local Executive to ensure that the bank operates within the rules of the country's financial system – which was compromised by the alleged fraud in transactions with Master. Former president of the bank was arrested In November 2025, the Federal Police launched operation Compliance Zero and identified an alleged billion-dollar financial fraud scheme – including a large part of these transactions. In April this year, a new phase of the investigation led to the arrest of former BRB president Paulo Henrique Costa. The PF claims that he would have allowed business with the Master without collateral and without following adequate governance practices. MORE