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Lula Weighs Replacing Senate Leader Amid Banco Master Fallout

Lula Weighs Replacing Senate Leader Amid Banco Master Fallout
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Lula Weighs Replacing Senate Leader Amid Banco Master Fallout President Luiz Inácio Lula da Silva sees Senator Jaques Wagner as a growing liability to his reelection campaign after a police investigation drew his longtime ally into Brazil’s biggest banking fraud probe, according to a person with knowledge of the matter. Wagner is expected to meet with Lula on Wednesday, and a decision on whether he remains the government leader in the Senate could be made as soon as this week, the person...

Lula Weighs Replacing Senate Leader Amid Banco Master Fallout President Luiz Inácio Lula da Silva sees Senator Jaques Wagner as a growing liability to his reelection campaign after a police investigation drew his longtime ally into Brazil’s biggest banking fraud probe, according to a person with knowledge of the matter. Wagner is expected to meet with Lula on Wednesday, and a decision on whether he remains the government leader in the Senate could be made as soon as this week, the person said, asking not to be named because the discussions aren’t public.
Lula Weighs (PERSON) Senate (ORG) Amid Banco (PERSON) Fallout Lula (PERSON) Fallout (PERSON) Luiz Inácio (PERSON) Lula da Silva (PERSON) Jaques Wagner (PERSON) Brazil (LOCATION) Wagner (PERSON) Lula (PERSON)
Originally published by Bloomberg Markets Read original →