Banco Master owner, BRB ex-CEO jailed; leaked chats show frustration with BC merger delay

Leaked conversations reveal Banco Master owner Daniel Vorcaro and former BRB CEO Paulo Henrique Costa were frustrated with the Central Bank's delay in evaluating their merger, with Vorcaro planning to attend a meeting 'with sword in hand.' Both are now imprisoned, suggesting the merger is under criminal scrutiny. The development signals potential regulatory and legal fallout for the Brazilian banking sector.