Portugal hauling banks to court over derivatives trades

By Staff | April 29, 2013 | Last updated on April 29, 2013
1 min read

The Portuguese government is taking JPMorgan and Banco Santander Totta to court on allegations the banks sold it “toxic derivatives,” the Financial Times reports.

Read: NYSE Euronext sues Dutch derivatives trading platform

“The allegations in Portugal are similar to cases in Italy, where a court convicted banks of mis-selling derivatives, and the UK, where the ‘big four’ banks have been ordered to review their selling of interest-rate swap contracts.”

Read more here.

Also read:

CSA proposes derivatives market registration and regulation

Why you should consider credit derivatives

Advisor.ca staff


The staff of Advisor.ca have been covering news for financial advisors since 1998.