The Portuguese Competition Authority fines 14 banks for exchange of information (BBVA / BIC / BPI / BCP ...)

AdC imposes a fine of 225 million euros to 14 banks The Portuguese Competition Authority (Autoridade da Concorrência - AdC) fined 14 banks in the total amount of 225 million euros in connection with the concerted practice of exchanging sensitive commercial data, during a period of more than ten years, between 2002 and 2013. The banks fined are BBVA, BIC (for practices of the then BPN), BPI, BCP, BES, BANIF, Barclays, CGD, Caixa de Crédito Agrícola, Montepio, Santander (for its own actions and those of Banco Popular), Deutsche Bank and UCI. The banks that participated in the concerted practice exchanged sensitive data on their

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Portuguese Competition Authority, The Portuguese Competition Authority fines 14 banks for exchange of information (BBVA / BIC / BPI / BCP ...), 9 September 2019, e-Competitions September 2019, Art. N° 91713

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