Milenium BCP Portugese bank almost bankrupted!!!

If this bank default, all the economy go down!!!

It's the most international bank in Portugal. We go down... Europe go down... Us go down!!!

What's it called?

linky or stinky.

you know the rules :p

LOL nevermind - read the headline...

There's no link... they are rumors, but only today different people from the bank told me that... and one of them tell that many are taking all the money from there.

We were all so focused on Greece and Spain, that we forgot Portugal!!!

Woohoo its partay time

Thanks OP, was joking with ya.

Let's hope this is just a stupid rumor... but when I think of it... a friend of mine warned me a couple weeks ago that her dad - a Bank Manager (not in BCP) was advising all family to take ALL the money out of the banks.

This was 2-3 weeks ago and we all laughed at coffee table.

Doom?

One friend take all the money from BCP!

This is not from weeks, it´s from today!!!

And today more 4 failed banks in US!!! 92 only this year!!! [link to www.fdic.gov]

nothing seems to matter the market these days

thats why I expect the dollar to crash,,, within 2 - 5 years

the rumor is coming from news on a bolivian bank with the same name, and people are, incorrectly, assuming that is bcp in portugal

[link to www.peru.com]

morons...

All the banks are insolvent. Government supported book cooking is the only thing between a suck ass recession and a total economic meltdown.

The bank is defending himself and say it was all lies. [link to tsf.sapo.pt]

[link to www.jornaldenegocios.pt] Ainda no sector bancário, os títulos do BCP foram os que mais perderam na sessão de hoje, ao desvalorizarem 4,65% para os 0,636 euros. Destaque para elevada liquidez do banco liderado por Carlos Santos Ferreira. Só na sessão de hoje foram negociados 42,04 milhões de acções.

Portugual has a bank???

LOL!

Caros Colaboradores

Rumores sobre a solvabilidade do Millennium bcp Mensagens difundidas por SMS

Circulam desde há algum tempo, e esta semana com crescente insistência, um conjunto de rumores que atentam contra a solidez do Millennium bcp, à semelhança do que ocorreu, como nos lembramos, no último trimestre de 2008.Como é de bom senso, rumores e boatos não se comentam, sob pena de se lhes dar credibilidade, sem prejuízo de esta situação já ter sido reportada à CMVM.

Não sabemos a quem aproveitam estes boatos. Sabemos que, por definição, têm origem em autores pouco escrupulosos, que não hesitam em pôr em causa a confiança no sistema financeiro português e no Millennium bcp, sem qualquer razão ou fundamento.Só a manutenção da serenidade e profissionalismo, que o Banco em geral e as redes comerciais muito em particular vêm demonstrando, permitem responder a estes ataques.

Carlos Santos Ferreira" [link to economico.sapo.pt]

[link to videos.sapo.pt]

[link to tv1.rtp.pt]

Zeshua right again.

She said Portugal would be the first to fall.

who is Zeshua?

It's rumors like that which make things worse but you never know, better safe than sorry...

This is only happening because their soccer team sucked at the World Cup.

BCP is down today 3,46%,and ended friday at 4,65%. In two trading sessions down 7%! [link to economico.sapo.pt]

Moody's downgrades 8 Portuguese banks. Moody's Investor Service downgraded eight Portuguese banks on Wednesday, on the heels of the two-notch downgrade of the country's sovereign debt rating the prior day to A1 from Aa2. Among those downgraded by one notch were Caixa Geral de Depositos, Banco Santander Totta, Banco Espirito Santo /quotes/comstock/24s!e:bes (PT:BES 3.51, -0.06, -1.68%) , Espirito Santo Financial Group /quotes/comstock/24s!e:esf (PT:ESF 13.95, -0.10, -0.71%) and Banco BPI /quotes/comstock/24s!e:bpi (PT:BPI 1.62, -0.01, -0.31%) . Those cut two notches were Banco Comercial Portugues /quotes/comstock/24s!e:bcp (PT:BCP 0.63, -0.01, -1.55%) , Caixa Economica Montepio Geral and Banif-Banco Internacional do Funchal. "The downgrade of the eight banks' debt ratings reflects the government's reduced ability to support its banks," says Maria-Jose Mori, acting lead analyst for Portuguese bank ratings at Moody's. [link to www.marketwatch.com]

yup we're fucked man!!!

So, I guess Portugal does not have something like the FDIC?

If not, why not?

The FDIC is out of money by now

No we don't. Your FEIC doesn't work!