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Banco Master

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

Banco Master

Daniel Vorcaro’s web of connections

Jan 30, 2026

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6 min read

Daniel Vorcaro’s web of connections

Letícia Arcoverde
Letícia Arcoverde

Banco Master

🎙️ Podcast: Banco Master and the Supreme Court

Jan 30, 2026

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4 min read

🎙️ Podcast: Banco Master and the Supreme Court

Just after a historic trial, justices have pulled the court into the swirling scandal involving Banco Master. Now the Chief Justice's push for ethical standards is being put to the test

Gustavo Ribeiro
Isabela Cruz
Gustavo Ribeiro, +1

Banco Master

🕸️ Six Degrees of Banco Master

Jan 30, 2026

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14 min read

🕸️ Six Degrees of Banco Master

Since the Banco Master case first broke, we warned that it wouldn’t be long before it reached high-profile politicians. It has now.

Gustavo Ribeiro
Letícia Arcoverde
Gustavo Ribeiro, +1

Banco Master

✈️ Coming to America

Jan 27, 2026

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17 min read

✈️ Coming to America

What Lula and Trump discussed on Monday. Alleged conflict of interest in Brazil’s top courts. The Banco Master web extends to former Lula cabinet ministers.

Gustavo Ribeiro
Gustavo Ribeiro

Banco Master

🙊 The I-word

Jan 26, 2026

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15 min read

🙊 The I-word

The Supreme Court justice in the Banco Master spotlight. Why do clothes cost more in Brazil? Nikolas Ferreira marches to the capital

Gustavo Ribeiro
Gustavo Ribeiro

Banco Master

🤯 A new end of the world?

Jan 23, 2026

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18 min read

🤯 A new end of the world?

Will the Banco Master case result in a plea deal? Tarcísio de Freitas’s plan of ambiguity comes apart. Charges in the Americanas fraud case.

Gustavo Ribeiro
Letícia Arcoverde
Gustavo Ribeiro, +1

Banco Master

Everything you need to know about the Banco Master case

Jan 22, 2026

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19 min read

Everything you need to know about the Banco Master case

No political or criminal story is making as much noise in Brasília. And we’re still only scratching the surface

The Brazilian Report
The Brazilian Report

Banco Master

🔎 Regulatory blindspots

Jan 21, 2026

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14 min read

🔎 Regulatory blindspots

Brazil is dealing with what is arguably its largest banking fraud case ever, prompting the government to propose changes to the country's oversight framework.

Letícia Arcoverde
Letícia Arcoverde

Banco Master

🤯 Master minds

Jan 15, 2026

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19 min read

🤯 Master minds

More twists in the Banco Master tale. A new Quaest poll gives Lula and Flávio Bolsonaro food for thought. Questions surround the brief visit of a Chinese hospital ship.

Gustavo Ribeiro
Gustavo Ribeiro

Banco Master

🤨 Family ties

Jan 13, 2026

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15 min read

🤨 Family ties

The questions around a Supreme Court justice in the Banco Master case. The contradictions of Brazil’s silence on Iran. Feds carry out more raids in budgetary grant investigations.

Gustavo Ribeiro
Isabela Cruz
Gustavo Ribeiro, +1

Banco Master

⚠️ Master concerns

Jan 6, 2026

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20 min read

⚠️ Master concerns

The far-reaching tentacles of the Banco Master case. Unemployment has never been lower, but hiring is slowing. Brazil is walking on eggshells in Venezuela.

Gustavo Ribeiro
Gustavo Ribeiro

Banco Master

🚨 Back-to-back raids

Dec 19, 2025

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17 min read

🚨 Back-to-back raids

Raids in Congress over embezzlement cases. Another delay for the EU-Mercosur deal. Calls for a code of conduct for Supreme Court justices.

Gustavo Ribeiro
Isabela Cruz
Gustavo Ribeiro, +1

Banco Master

☝ The chosen one

Dec 8, 2025

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15 min read

☝ The chosen one

Jair Bolsonaro picks his heir. Or does he? Lula’s standing after three years in office. Influential people in Brasília are less concerned.

Gustavo Ribeiro
Gustavo Ribeiro

Banco Master

🏦 Push for total autonomy

Nov 27, 2025

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15 min read

🏦 Push for total autonomy

Brazil’s Central Bank wants to rid itself of all political pressure. The government has a plan to bring back railways. Brazil approves a one-shot dengue fever vaccine.

Gustavo Ribeiro
Gustavo Ribeiro

Banco Master

💸 Chronic tax debtors

Nov 19, 2025

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10 min read

💸 Chronic tax debtors

Large-scale investigations into organized crime’s money-laundering schemes gave momentum to a bill targeting companies that use tax delinquency as a business strategy.

Letícia Arcoverde
Letícia Arcoverde

Banco Master

🤡 Master fraud

Nov 19, 2025

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15 min read

🤡 Master fraud

The Central Bank liquidates Banco Master, whose owner is arrested. A new Mexican player in Brazil’s airport sector. A decisive day for COP30 as Brazil seeks to push through first decisions.

Euan Marshall
Gustavo Ribeiro
Isabela Cruz
Euan Marshall, +2
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