Banco do Brasil calls for legal measures regarding social media posts about US sanctions.

Written by Emily J. Thompson, Senior Investment Analyst

Source: Yahoo Finance

Updated: Aug 25 2025

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Source: Yahoo Finance

Banco do Brasil's Legal Action: Banco do Brasil has requested Brazil's solicitor general to address false claims regarding potential U.S. sanctions linked to a client, a judge sanctioned under the U.S. Magnitsky Act.
Concerns Over Misinformation: The bank warned of "undesirable consequences" from social media posts spreading misinformation, which have led clients to seek clarification and could harm the National Financial System.
Criminal Investigation Initiated: The solicitor general has referred the matter to federal police for a criminal investigation into the dissemination of fake news, emphasizing that it could lead to a bank run and economic damage.
Impact on Bank Shares: Following these developments and ongoing tensions between the U.S. and Brazil, shares of Banco do Brasil fell 2.2%, reflecting investor concerns amid deteriorating relations and recent U.S. tariffs on Brazilian goods.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.