Banco Master

A curated breakdown of the key developments, investigations, and perspectives shaping the Banco Master banking fraud case in Brazil.

Banco Master

Apr 29, 2026

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8 min read

🤔 To bail or not to bail

The Brasília government wants Lula to bail out BRB. A flight from Sint Maarten encapsulates Brazil’s problem with lobbying. A customs scandal in Rio de Janeiro.

Gustavo Ribeiro

Banco Master

Apr 14, 2026

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19 min read

🇷🇺 Russian whispers

Russia’s network of media narratives in Brazil and Latin America. Senate inquiry takes aim at the Supreme Court. We speak to Ireland’s ambassador to Brazil.

Gustavo Ribeiro, +1

Banco Master

Apr 10, 2026

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14 min read

🍯 Honey pot capitalism

The latest Banco Master revelations verge on the salacious. Electoral court leadership will change hands earlier than expected. The Iran war’s effect on inflation.

Gustavo Ribeiro

Banco Master

Mar 20, 2026

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17 min read

👋 Haddad: the good and the bad

The good and the bad of Haddad’s term as finance minister. As Vorcaro edges closer to entering plea negotiations, the Supreme Court closes ranks.

Gustavo Ribeiro

Banco Master

Mar 19, 2026

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4 min read

🎙️ Podcast: Time to investigate Brazil's Supreme Court justices?

The Banco Master suspicions have shed unprecedented light on a court long undermined by a culture of tolerance toward conflicts of interest and lobbying by justices’ relatives

Isabela Cruz

Banco Master

Mar 17, 2026

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14 min read

🇧🇴 Brazil wants Bolivian gas

Three new deals between Brazil and Bolivia. Dino rules to end mandatory retirement farce for judges. Banco Master rapporteur wants leaks to stop.

Gustavo Ribeiro

Banco Master

Mar 12, 2026

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18 min read

💸 Ethanol hangover

Sugar and ethanol producer Raízen reaches a debt reorganization deal. A new payment system for BRICS? The opposition wants to force a congressional inquiry into the Master scandal.

Gustavo Ribeiro, +2

Banco Master

Mar 11, 2026

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15 min read

🎰 Prediction friction

Prediction markets have gained ground in Brazil, and betting companies aren’t pleased. Our early take on the 2026 elections. Chaos of Will Bank’s collapse highlight the need for better fintech oversight.

Gustavo Ribeiro

Banco Master

Mar 6, 2026

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17 min read

🎠 Party carousel

Brazilian politics opens its transfer window. Lula can’t help himself with Ukraine quip. The Banco Master scandal could spell bad news for the president.

Gustavo Ribeiro

Banco Master

Mar 4, 2026

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18 min read

🚨 Master CEO arrested again

Vorcaro arrested again in the latest Banco Master development. BRICS (unsurprisingly) remains silent on the Iran conflict. The public health system’s counseling program for gambling addicts.

Gustavo Ribeiro

Banco Master

Feb 26, 2026

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16 min read

🔍 A Senate side quest

A Senate inquiry wants to take Master investigations into its own hands. Bad news for Lula with the latest Atlas Intel poll. The masterminds of Marielle Franco’s assassination are finally convicted.

Gustavo Ribeiro

Banco Master

Feb 21, 2026

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15 min read

⚽ Banco Master and... football?

The sprawling Banco Master scandal has wide-reaching effects on major figures from the worlds of Brazilian politics, finance and the judiciary. And, as it turns out, not even Brazil’s football clubs are immune.

Euan Marshall

Banco Master

Feb 19, 2026

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16 min read

🧾 Adding to the tab

Brazil’s deposit insurance fund is feeling the strain as another Master link falls. São Paulo appeals court fines X amid sexualized images scandal. Lula vetoed a push for public-sector pay add-ons.

Gustavo Ribeiro

Banco Master

Feb 13, 2026

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17 min read

🤦‍♂️ Supreme embarrassment

Justice Dias Toffoli has decided to leave the Banco Master case. Lula’s trip to India and South Korea. Prosecutors investigating Epstein’s potential Brazil ties.

Gustavo Ribeiro

Banco Master

Feb 12, 2026

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16 min read

🧨 It’s starting to hit the fan

Data from Vorcaro’s phone. Polls bring good news for Flávio. Car Wash-targets seek to rebuild.

Gustavo Ribeiro

Banco Master

Feb 5, 2026

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3 min read

🎙️ Podcast: Brasília enters an election year on edge

Power plays, legal risks and why timing matters more than ever

Euan Marshall

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