Banco Master

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

Banco Master

Oct 16, 2026

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10 min read

🧭 Power with an asterisk

The Big Center hedges its bets. Lula holds his own on Globo. The Master scandal casts a harsh light on the press.

Gustavo Ribeiro

Banco Master

Sep 24, 2026

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9 min read

✈️ Dangerous liaisons

New reports deepen Flávio Bolsonaro's alleged links to organized crime. Lula takes fears of US interference to the Supreme Court. Pix explores a link to Europe's TIPS payment system.

Gustavo Ribeiro

Banco Master

Sep 22, 2026

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8 min read

🇺🇳 The balancing act

What to expect from Lula at the UN. Another Supreme Court justice is drawn into the Banco Master case. Flávio Bolsonaro goes all in.

Gustavo Ribeiro

Banco Master

Sep 16, 2026

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9 min read

💥 Supreme schism

Brazil's Supreme Court resists investigating itself, and makes the case for why it should. Tax breaks for data centers become law. The South feels the pinch of a diesel squeeze.

Gustavo Ribeiro

Banco Master

Sep 14, 2026

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11 min read

🇺🇸 A Manchurian candidate?

Has Flávio Bolsonaro received US funding for his campaign? Tension mounts in the Supreme Court before a pivotal session. The institutional crisis and the polls.

Gustavo Ribeiro

Banco Master

Sep 10, 2026

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9 min read

🦑 Unleash the Kraken

Jair Bolsonaro's biopic is back in the headlines for the wrong reasons. Chief justice tries to restore order to the Supreme Court. How Lula hopes to revive his campaign.

Gustavo Ribeiro

Banco Master

Sep 8, 2026

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10 min read

💥 Past the firebreak

Federal Police chief removed from office. Independence Day rallies turn into protests against Justice Moraes. What has worried the Lula campaign.

Gustavo Ribeiro

Banco Master

Sep 4, 2026

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9 min read

🏛️ From bad to worse

Supreme Court feud sets off an unusually vicious wave of leaks. Electoral court lands on a deepfake definition. The upcoming fracking trial.

Gustavo Ribeiro

Banco Master

Sep 2, 2026

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10 min read

💣 Justice vs. justice

The Supreme Court's latest institutional crisis is unprecedented. What to make of Augusto Cury's shocking rise in the polls. The Senate picks a new member of the Federal Accounts Court.

Gustavo Ribeiro, +1

Banco Master

Jul 24, 2026

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8 min read

😖 Another brick in the tariff wall

The US slaps new tariffs on Brazil. Flávio and Michelle Bolsonaro call a truce. Fuel subsidies stay on as the war in Iran drags on.

Gustavo Ribeiro

Banco Master

Jul 23, 2026

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9 min read

🛡️ Cushioning the blow

How Brazil plans to protect exporters. Lula might skip first-round debates. Flávio is again mired in scandal.

Gustavo Ribeiro

Banco Master

Jul 10, 2026

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9 min read

⛽ Crude timing

Middle East war forces a fuel-subsidy U-turn. Brazil's fresh inflation reading. A fresh operation closes in on Banco Master.

Gustavo Ribeiro

Banco Master

Jun 18, 2026

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8 min read

🦅 Hawkish prose, dovish move 🕊️

The Central Bank's latest rate decision. What Lula did during the G7 Summit. The Master investigation gets closer to the government.

Gustavo Ribeiro

Banco Master

Jun 10, 2026

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8 min read

🪨 Brazil has reserves, not regulators

Budget cuts for regulators raise concerns amid rare-earth push. The latest polls are going in Lula’s favor. The Banco Master investigations reach the Bahamas.

Gustavo Ribeiro

Banco Master

Jun 1, 2026

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10 min read

⚠️ Pix at risk?

The US’s sword of Damocles over Brazil's economy. Vorcaro’s plea deal negotiations continue. Our interview with the Dutch ambassador to Brazil.

Gustavo Ribeiro, +1

Banco Master

May 26, 2026

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8 min read

🕞 Clocking out

The agreement to scrap the six-day workweek. Brazilian oil amid the Middle East crisis. Police search Rio ex-governor’s home for the second time in two weeks.

Gustavo Ribeiro

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