Search
Logo
7-DAY FREE TRIAL
Login
🔥What’s Hot
🔥What’s Hot

Banco Master

Brazil’s 2026 Elections

EU-Mercosur

Diplomatic Brief

Brazil Daily
LatAm Report
Other Newsletters
Other Newsletters

Climate

Business

Agro

Sports

Guide to Brazil

Insider Talks
Podcast
Intelligence
More
More

Archive

Videos

About Us

Banco MasterNo political or criminal story has made as much noise in Brasília. And we’re still only scratching the surface.

💸 Ethanol hangover
Banco Master

💸 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
Letícia Arcoverde
Isabela Cruz
Gustavo Ribeiro, +2
Mar 12, 2026
🎰 Prediction friction
Banco Master

🎰 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
Gustavo Ribeiro
Mar 11, 2026
🎠 Party carousel
Banco Master

🎠 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
Gustavo Ribeiro
Mar 6, 2026
🚨 Master CEO arrested again
Banco Master

🚨 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
Gustavo Ribeiro
Mar 4, 2026
🔍 A Senate side quest
Banco Master

🔍 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
Gustavo Ribeiro
Feb 26, 2026
⚽ Banco Master and... football?
Banco Master

⚽ 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
Euan Marshall
Feb 21, 2026
🧾 Adding to the tab
Banco Master

🧾 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
Gustavo Ribeiro
Feb 19, 2026
🤦‍♂️ Supreme embarrassment
Banco Master

🤦‍♂️ 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
Gustavo Ribeiro
Feb 13, 2026
🧨 It’s starting to hit the fan
Banco Master

🧨 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
Gustavo Ribeiro
Feb 12, 2026
🎙️ Podcast: Brasília enters an election year on edge
Banco Master

🎙️ Podcast: Brasília enters an election year on edge

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

Euan Marshall
Euan Marshall
Feb 5, 2026
Daniel Vorcaro’s web of connections
Banco Master

Daniel Vorcaro’s web of connections

Letícia Arcoverde
Letícia Arcoverde
Jan 30, 2026
🎙️ Podcast: Banco Master and the Supreme Court
Banco Master

🎙️ 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

Isabela Cruz
Gustavo Ribeiro
Isabela Cruz, +1
Jan 30, 2026
🕸️ Six Degrees of Banco Master
Banco Master

🕸️ 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
Jan 30, 2026
✈️ Coming to America
Banco Master

✈️ 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
Jan 27, 2026
🙊 The I-word
Banco Master

🙊 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
Jan 26, 2026
🤯 A new end of the world?
Banco Master

🤯 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
Jan 23, 2026
Everything you need to know about the Banco Master case
Banco Master

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
Jan 22, 2026
🔎 Regulatory blindspots
Brazil Business

🔎 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
Jan 21, 2026
🤯 Master minds
Banco Master

🤯 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
Jan 15, 2026
🤨 Family ties
Banco Master

🤨 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
Jan 13, 2026
⚠️ Master concerns
Banco Master

⚠️ 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
Jan 6, 2026
🚨 Back-to-back raids
Banco Master

🚨 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
Dec 19, 2025
☝ The chosen one
Banco Master

☝ 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
Dec 8, 2025
🏦 Push for total autonomy
Banco Master

🏦 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
Nov 27, 2025
💸 Chronic tax debtors
Brazil Business

💸 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
Nov 19, 2025
Load more
ArrowsClockwise

Get smarter about Brazil in a few minutes

©2024 - The Brazilian Report - News from Brazil in English | Politics, Economics

SUBSCRIBE TO OUR NEWSLETTERS

The full picture. The sharpest takes. All in your inbox.