Brazil's BRB may book nearly $1 billion loss from Banco Master deals, central banker says

By Ricardo Brito BRASILIA, Jan 29 (Reuters) - Brazilian state-run bank BRB will likely have to set aside more than 5 billion reais ($970 million) to cover transactions with failed ​lender Banco Master, a central bank director told the federal police in testimony seen ‌by Reuters. The figure is nearly double the initial provision of about 2.6 billion reais the central bank had required from ‌BRB to cover potential shortfalls related to Master, which was liquidated in November. "The size of the provisio ...