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Banco Pan controversies

Controversies tied to this brand in public sources. A listing is not a finding of fault.

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  1. 2010

    Banco Pan accounting fraud and balance-sheet shortfall

    Banco Pan continued recording credit portfolios that had already been sold to other financial institutions, resulting in overstated assets and a major balance-sheet shortfall. Grupo Silvio Santos announced a R$2.5 billion loan through the Credit Guarantee Fund to stabilize the institution. The episode led to a change in control and the sale of the group’s stake to BTG Pactual.

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