The Central Bank of Brazil assesses the Master crisis: no systemic impact, but rising household credit risk
- The Central Bank of Brazil stated on Monday that the liquidation of Master Bank Group’s institutions did not cause systemic impacts. Depositors compensated by the FGC fund mainly redirected their funds to larger and more systemically important financial institutions.
- The central bank noted that the Master crisis did not have a significant impact on the interest rates of FGC-guaranteed instruments, but the realized level of household credit risk has increased.
- Default probability estimates indicate that the upward trend in default rates for most credit products is expected to continue.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Apple (AAPL.US) nears a 5 trillion USD market capitalization, targeting Nvidia: the 1,999 USD foldable screen Duo becomes a critical battle.
Apple (AAPL.US) has unveiled its new iPhone, which could be the ticket for this consumer tech giant to reclaim its position as the most valuable company by market capitalization. The company is not far from reaching this goal.
Facebook and Instagram under Meta (META.US) experienced outages affecting thousands of users in the US last Sunday.
Thousands of users in the United States were unable to access Meta’s social platforms Facebook and Instagram last Sunday.
The Nasdaq 100 rebalancing will take effect before the U.S. stock market opens on Monday, SpaceX (SPCX.US) weight significantly rises to 2.82%.
The Nasdaq 100 Index quarterly rebalancing will take effect before the US stock market opens on September 21 (Monday). The main change is that SpaceX (SPCX.US) will see its index weighting significantly increase from about 1.28% to 2.82%.
WTI falls to near $93.50 as Middle East diplomacy hopes ease supply fears
Crypto prices
More
