Lizette Shubeck mQ4P
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Recall cases of Banks that suffered crises or went through liquidation or acquisition resulting in an end
Here is a breakdown of each one:
•Economic Bank (1995): the Bahian institution collapsed after the Real Plan, when the stabilization of the economy exposed the fragility that had been masked for years. A historical deficit that reached R$ 15.8 billion was recorded in a Brazilian institution.
•National Bank (1995): billion-dollar fraud, sponsor of Ayrton Senna, the bank collapsed after the discovery of 652 fictitious accounts used to hide losses.
•Marka Bank: In 1999, the Central Bank (BC) intervened in Marka Bank and FonteCindam Bank after the massive devaluation of the real. The institutions had large short positions in dollars and were rescued by the BC to avoid a systemic crisis. The case resulted in a financial scandal and lawsuits, and the bank did not continue to operate independently, with its liquidation processed over the years.
•Economic Bank (1995): the Bahian institution collapsed after the Real Plan, when the stabilization of the economy exposed the fragility that had been masked for years. A historical deficit that reached R$ 15.8 billion was recorded in a Brazilian institution.
•National Bank (1995): billion-dollar fraud, sponsor of Ayrton Senna, the bank collapsed after the discovery of 652 fictitious accounts used to hide losses.
•Marka Bank: In 1999, the Central Bank (BC) intervened in Marka Bank and FonteCindam Bank after the massive devaluation of the real. The institutions had large short positions in dollars and were rescued by the BC to avoid a systemic crisis. The case resulted in a financial scandal and lawsuits, and the bank did not continue to operate independently, with its liquidation processed over the years.
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