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How the bank behind London’s most expensive office lease unravelled

Looking up at 22 Bishopsgate or TwentyTwo, the tallest skyscraper in the City of London. Shows the colorful canopy above the entrance.
Photo: Getty Images

The Financial Times

5 min read
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Brazil’s Banco Master was one entrepreneur’s ticket to riches but collapsed last month amid allegations of a $2.3bn fraud.

8 December, 2025 by Michael Pooler and Beatriz Langella in São Paulo

A flashy provincial entrepreneur who tried to catapult a small Brazilian bank into the big league, Daniel Vorcaro’s heady rise was almost as spectacular as his downfall. 

The 42-year-old basked in the trappings of wealth, investing in

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