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Longest Brazil Bank Strike in Over a Decade Continues

By Lise Alves, Senior Contributing Reporter

SÃO PAULO, BRAZIL – The nationwide strike by bank employees in Brazil entered its thirtieth day on Tuesday, October 4th, with both sides refusing to revise their positions. The strike is the longest in the country since 2004, when bank employees went on strike for thirty days.

“Bankers have earned R$30 billion net profit in the first half is the world's highest interest rate, overdraft checks pay an interest rate of 350 percent per year while interests on credit card can go as high as 470 percent, and they refuse to give . . .

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