Brazil Federal Police Summons Central Bank Chiefs in Banco Master Probe

Brazil's Federal Police has called Central Bank President Gabriel Galípolo, former president Roberto Campos Neto, and BTG Pactual banker André Esteves to testify as witnesses in an investigation into alleged Central Bank favoritism toward Daniel Vorcaro, owner of the defunct Banco Master. The probe marks a significant escalation in scrutiny of Brazil's financial regulatory establishment, potentially implicating top monetary officials. The outcome could affect institutional credibility and market confidence in the Central Bank's independence.