trending Market Intelligence /marketintelligence/en/news-insights/trending/4use-ifvtorf0kfy0ytb7q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In this list

Brazil's bank employee strike hits 30-day mark; negotiations resume

COVID-19’s Impact on the Capital Markets: Identifier Issuance for Municipal Securities Sinks, but Corporate Requests Stable

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

How 37 Years of Default Data Can Prepare Us for the COVID-19 Fallout

IoT and AI Aid Critical Event Management to Battle COVID-19, but Deployment could Raise Privacy Concerns


Brazil's bank employee strike hits 30-day mark; negotiations resume

Brazil's ongoing bank employee entered its 30th day Oct.5, making it the longest one since 2004, the national financial workers unionContraf-CUT said.

The strike has shuttered 13,104 branches, or 55% of thecountry's branch count. The highest branch closings were registered Sept. 27when a record 57.5%of branches closed down that day. The union has accused the banks of employeerepression alleging that the police have been used on occasion to forceemployees to work in some places.

A new round of negotiations between banking federationFenaban and labor unions was set for Oct. 5. In its latest proposal, Fenabanoffered a bonus payment of 3,500 Brazilian reais and a 7% salary hike, butunions rejected the proposal and kept pushing for a 14.62% wage increase, amongother benefits.

Meanwhile, BTGPactual Group Chief Risk Officer André Fernandes said the strikehasn't impacted the liquidity of Brazil's banks as most transactions arecarried out via internet or mobile channels, O Estado de S. Paulo reported.

As of Oct. 4, US$1 wasequivalent to 3.22 Brazilian reais.