Feb 13 • 04:38 UTC 🇧🇷 Brazil Folha (PT)

Are we really going to split the bill?

The article discusses the implications of a public statement by the CEO of Itaú bank regarding the financial repercussions of the liquidation of Banco Master, especially from the perspective of marginalized communities.

The piece reflects on an interview with Milton Maluhy Filho, the CEO of Itaú bank, about the consequences of the liquidation of Banco Master. With the bank being dissolved by the Central Bank at the end of 2025, the author notes their unfamiliarity with the institution and its banker before this event. This indicates a broader public alienation from certain banking institutions that partake in significant financial decisions affecting the populace at large.

The author, identifying as a black woman from a working-class background, emphasizes the systemic inequalities that persist within Brazilian society. They argue that the costs associated with the liquidation will disproportionately affect individuals from marginalized backgrounds, who are not part of the elite circles that typically benefit from such financial arrangements. This underscores a larger conversation in Brazil about socioeconomic disparities and the treatment of minorities within financial systems.

In highlighting these issues, the article poses a critical question about social responsibility and accountability in banking practices. The ramifications of the government's financial decisions are framed not merely as economic transactions but as ethical dilemmas that require acknowledgment of the social fabric and the varying impacts on different demographic groups. The call-to-action implies that the burden of financial losses and decisions should not fall solely on the less privileged, but rather demands a reevaluation of who truly pays for these banking crises.

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