Banco Master

👋 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.

🇧🇴 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.

💸 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.

🎰 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.

🎠 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.

🚨 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.

🔍 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.

⚽ 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.

🧾 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.

🤦‍♂️ 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.

🧨 It’s starting to hit the fan

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

🎙️ Podcast: Brasília enters an election year on edge

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

Daniel Vorcaro’s web of connections

🎙️ 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

🕸️ 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.

✈️ 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.