Brazil court gives 15 days for BRB bailout guarantee comments

STF Minister Luiz Fux has set a 15-day deadline for the federal government, Central Bank, and Credit Guarantee Fund to comment on the Federal District's request for the Union to guarantee a loan of up to R$ 6.6 billion to recapitalize Banco de Brasília (BRB), which faces financial distress from losses linked to Banco Master operations. The decision advances a potential state-backed rescue, but the outcome and terms remain uncertain. This matters as a bailout could affect Brazil's fiscal position and regional banking stability.