LGBTQ bank goes live in Brazil

The launch of Brazil's first financial institution tailored to LGBTQ customers. An exclusive report concerning President Jair Bolsonaro's talks of a coup d'état

Aug 17, 2020 8:29 8 min read (Updated: Aug 20, 2020 9:36)

We’re covering the launch of Brazil’s first financial institution tailored to LGBTQ customers. An exclusive report concerning President Jair Bolsonaro’s talks of a coup d’état.

Pride Bank comes out today

As Brazil’s first LGBTQ-oriented bank, Pride Bank will open to the public today after almost one year of “beta operations,” during which only invited customers had access to their services. The bank tries to set itself apart by promising to invest 5 percent of its gross income to finance LGBTQ-inclusion projects. It will also allow transgender customers to use their social names, as opposed to the names on their birth...

Access all of The Brazilian Report

Start your 7-day free trial.

Free trial

Close search

Load more results

LGBTQ bank goes live in Brazil

The launch of Brazil's first financial institution tailored to LGBTQ customers. An exclusive report concerning President Jair Bolsonaro's talks of a coup d'état

Pride Bank comes out today

Access all of The Brazilian Report

Start your 7-day free trial.

Pro-Bolsonaro fugitive risks turning supporters into accomplices

Far-right blogger Allan dos Santos has set up a website to gather donations in U.S. Dollars. But assisting a fugitive in any way is a crime in both Brazil and the U.S.

After six months and 81 indictment requests, Senate wraps Covid inquiry

Senators brought charges against President Bolsonaro for nine crimes, but the prosecutor general will decide whether the head of state will be indicted

Pro-Bolsonaro blogger accused of collusion with U.S. Capitol rioters

The Supreme Court believes Allan dos Santos was plotting an attack similar to the January 6 riots in Brazil

Covid inquiry requests indictment of Bolsonaro: what comes next?

After almost six months of investigations, senators have accused Jair Bolsonaro of nine crimes for his handling of the pandemic. Now, the ball is in the prosecutor general's court

Bolsonaro failed to plant his flag in Brazil’s poorest region

Last year, Jair Bolsonaro wanted to take Brazil's poor Northeast from the left. He failed — and has all but ignored the region ever since

Central Bank hikes interest rates by 1.5 points

Unemployment still affects 13.7 million Brazilians

Truckers block Pará highway in diesel price protest

Senate committee postpones voting on Correios privatization

Inflation predictor for October at highest level since 1995

In the wake of Covid report, Health Minister takes part in public rally

Senate President to switch parties eyeing presidential bid

TV presenter says he’ll run for president in 2022

Parties make progress on merger to create giant conservative group

Doria suggests withdrawing to create third-way unity against Lula and Bolsonaro

Brazilian lawmakers to investigate suspicious behavior around Petrobras stock

Privatization talks from government officials affected Petrobras share prices. And a few suspiciously perfectly-timed bets made huge profits

Spending cap breach forces Brazil to raise interests higher, and quicker

The Bolsonaro government's decision to ignore constitutional spending limits caused havoc in Brazilian markets, increasing expectations (and concerns) around the Central Bank's latest benchmark interest rate hike

Brazilian biodiesel producers warn of shortage risks after regulation change

The federal government has decided to abandon auctions for biofuels, ordering instead that producers negotiate purchases directly with distributors. The former are reeling, claiming it will drastically affect their business

Is it finally niobium’s time to shine?

The darling of Brazil's President Jair Bolsonaro, the country is leading the charge in developing new uses for niobium, hoping to transform it into an important facet of the Brazilian economy

Influencers give ‘realistic’ financial advice to poor Brazilian families

More and more poorer Brazilians are turning toward investment and financial education. A group of "accessible" influencers is there to help

Tech Roundup: Brazil to issue digital ID cards

The most important news in tech and innovation in Brazil. This week: the new digital ID; data privacy as a human right; Brazil exploring dark energy

Brazilian researchers develop cancer treatment using guavas

Using knowledge from a similar technique using a pigment extracted from tomatoes, researchers from the University of Brasília have found a way to obtain the substance from red guavas — highly popular across Brazil

Tech Roundup: Amid water crisis, Brazil’s asks tech for help

Geotechnology, ESG seal, and Brazilians content consumption online

Tech Roundup: Small broadband providers want in on 5G

The biggest news on tech and innovation in Brazil this week

Tech Roundup: Brazilian football enters crypto game

The most important news about tech and innovation in Brazil this week

Explaining Brazil #175: An obituary for Brazil’s spending cap

Brazil's government is about to obliterate the federal spending cap. One economist believes it is now time for damage limitation, at best

Explaining Brazil #174: The extent of Bolsonaro’s pandemic crimes

Members of the Covid hearings committee disagree on whether to indict President Jair Bolsonaro for genocide against indigenous groups and murder

Explaining Brazil #173: Saving Mercosur

A deal between Brazil and Argentina breathes new life into the Mercosur trade alliance. At least until the next crisis, that is

Explaining Brazil #172: A president’s worst enemy

Inflation is set to hit the 10-percent mark this week. And historical data shows that high inflation and a poor economic outlook are bad omens for incumbent presidents

Explaining Brazil #171: Brazil’s own Tuskegee Study

Between the 1930s and the 1970s, hundreds of black men were unknowingly used as subjects in an American syphilis study. In 2020, a Brazilian HMO allegedly used elderly citizens for Covid experiments without their knowledge or consent

Vaccination rates hit 20-year low in Brazil. But anti-vax movements are not to blame

None of the federal government's mandatory vaccines for children reached the 90-percent coverage target in 2020, with researchers blaming the trend on the underfunding of public health

Belo Horizonte set the pandemic bar high for the rest of Brazil

Findings from Imperial College London show that, if Brazil's other major cities had followed Belo Horizonte's lead during the pandemic, the country could have avoided over half of its Covid-19 deaths

They traveled abroad for a vaccine. Now they are in limbo

Without clear regulations on vaccine mandates, Brazilians immunized abroad struggle to get the country's "vaccination passport"

Brazil Covid death toll tops 600,000. But the pandemic is receding

As vaccines become more widespread in Brazil, the spread of the coronavirus becomes less deadly. But experts warn that it remains too soon for a victory lap

Brazilians resort to deadly cost-saving measures amid fuel price hikes

With domestic gas canisters becoming prohibitively expensive for poor households, some Brazilians are resorting to cooking with ethanol — which is highly dangerous and has led to an increase in life-threatening domestic accidents

​​Brazil, Argentina among meat producers scolded for “greenwashing” ahead of COP26

Revelations by Greenpeace UK show that countries acted to dilute findings and recommendations that run counter to agro interests in an IPCC report

World BioEconomy Forum comes to the Amazon

With the Amazon set to play a big part in Glasgow at COP26, public and private sector representatives meet in Belém this week to discuss the bioeconomy in the rainforest

Brazil’s spending on polluting energy will increase inequality levels

The energy crisis has made blackouts a real possibility, but spending on thermoelectric plants to avoid outages will increase inequality

Brazilian lawmakers aim to regulate carbon markets ahead of COP26

Congress is seeking to get the jump on the government and approve carbon market legislation before Brazil's delegation jets off to Scotland, hoping to conclude Article 6 negotiations in Glasgow

Abandoned Amazon land can advance decarbonization plan

Forest regrowth can help compensate for carbon emissions from deforestation. But one new study argues Brazil isn’t doing nearly enough of it

After Congress and the courts, Bukele looks to control football in El Salvador

Riding a wave of popularity, the provocative president now wants to change how the national association is run, risking severe sanctions from FIFA, the sport’s governing body

The Shining Path is long gone, but its specter continues to hover over Peruvian politics

Now little more than a bogeyman for the right, the history of the left-wing terrorist group shows how it may take longer for wounds to heal

Chile sees Sichel slip and Kast climb ahead of Election Day

Brazil, Argentina among meat producers scolded for “greenwashing” ahead of COP26