Sunday, March 22, 2015

Revolt of BES customers at the door of Bank Governor of … – Journal News

Dozens of people complained repayment savings are applied in commercial paper Espírito Santo Group (GES), with the promise that it was a product at all similar to time deposits with guaranteed capital and interest, in some cases Gross 4.6% per year. Most customers who spoke with stated that JN always been told that the product would have no risk (see story on opposite page).

At this time, advanced yet, customers can see on your bank statement the money they have to order, plus the amount invested in commercial paper. Only the latter can not move, ie “is frozen,” he explained, for example, Ricardo Angelo, one of the organizers of the protest.

Press the governor

The demonstration began in the morning, the door of the old FIL – in Junqueira, in Lisbon, where they met the staff of the Bank of Portugal, with the presence of Governor Carlos Costa, for a talk on financial regulation and supervision. About what “little knew to do,” shouted some of the gifts out here.

Protesters followed after then to the Expo, which is home to Carlos Costa, and found a strong police presence. Some have tried to stick the two police cordons, but the situation was controlled after a few moments of great tension.

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