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How an obscure banker slipped into Brazil’s political inner circle, triggering a scandal

BRASILIA, March 13 - For years Daniel Vorcaro was best known in Brazil’s financial world as the head of Banco Master, a bank whose breakneck expansion left some analysts puzzled.

1 report1 sourceMar 13, 2026, 10:05 AM
FilterThe Straits Times
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The Straits TimesMar 13, 2026, 10:05 AM

How an obscure banker slipped into Brazil’s political inner circle, triggering a scandal

BRASILIA, March 13 - For years Daniel Vorcaro was best known in Brazil’s financial world as the head of Banco Master, a bank whose breakneck expansion left some analysts puzzled.

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