Brazil’s ‘Iron Lady’ Shares Penthouse as State Lender BNDES Downsizes


The penthouse in the Rio de Janeiro headquarters of Brazil’s state lending giant was once occupied by its president and his assistants, and featured a room reserved for the head-of-state when visiting from Brasilia.

That office was one of the first things that the bank’s new cost-costing overseer Maria Silvia Bastos overhauled when she arrived in June following Dilma Rousseff’s removal during impeachment proceedings. Bastos, 59, tore down walls and made space for the company’s board. She and her roommates moved in last month.

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