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Barricades in front of the Banco Master headquarters in Sao Paulo, Brazil, on Tuesday, Nov. 18, 2025. Banco Master SA Chief Executive Officer Daniel Vorcaro was arrested Tuesday in a federal police fraud investigation as Brazil's central bank moved to liquidate the struggling firm. Photographer: Victor Moriyama/Bloomberg via Getty Images

Barricades in front of the Banco Master headquarters in Sao Paulo, Brazil, on Tuesday, Nov. 18, 2025. Banco Master SA Chief Executive Officer Daniel Vorcaro was arrested Tuesday in a federal police fraud investigation as Brazil's central bank moved to liquidate the struggling firm. Photographer: Victor Moriyama/Bloomberg via Getty Images