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0.00303400338155177 0.00505354123614513 0.00871688897238418 0.00658463272590665 0.00366334773623905 0.0022543678376856 -0.00105203832425314 -0.00505354123614492
Stock impact report

Brazil central bank liquidates Banco Master's Will as Mastercard suspends cards [Yahoo! Finance]

Mastercard Incorporated (MA) 
Last mastercard incorporated earnings: 4/29 08:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Banco Master, in the latest drastic step involving ?illiquid institutions tied to the conglomerate. The move comes a day after Mastercard said it ?had suspended Will Bank cards from its network due to non-compliance with settlement schedules under its payments arrangement. Will's liquidation, the central bank said in a statement, stemmed from the firm's worsening financial condition, insolvency, and conflicts ?of interest related to ?its control by Banco Master, which itself was liquidated in November. Amid a severe crisis marked by a large ?volume of short-term liabilities and illiquid assets, the Master group had since last year faced funds being blocked as collateral by Mastercard to meet payment settlement ?requirements. INEVITABLE MOVE, CENTRAL BANK SAYS The central bank late last year had ?opted not to liquidate Will alongside Master - a harsher measure that would have effectively closed operations - citing "the concrete possibility of a solution that would preserve th Show less Read more
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