Portugal’s banks rake in €4.2Bn
Portugal’s banks enjoyed a “tremendous increase” in profits in 2023 on the back of increased interest rates but expect lower profits in 2024 according to the ratings agency DBRS. Despite higher [...]
Portugal’s banks enjoyed a “tremendous increase” in profits in 2023 on the back of increased interest rates but expect lower profits in 2024 according to the ratings agency DBRS. Despite higher [...]
The US private equity fund Warburg Pincus has joined forces with Portuguese celebrity banker, the ex-Lloyds Bank and Credit Suisse CEO, Sir António Horta Osório, to make a bid for Altice [...]
Portugal’s central bank boss Mário Centeno is facing an ethics review after apparently being mooted to lead Portugal’s interim government until the March elections next year following the [...]
Text and Photo: Chris Graeme The Governor of the Bank of Portugal, Mário Centeno, has called for prudence when managing a “unique phase” in Portugal’s banking sector. Portugal’s banks enjoyed a [...]
The banker and former part-owner of the Banco Espírito Santo empire, José Maria Ricciardi says he is not surprised by the guilty verdict of former BES boss Ricardo Salgado for three crimes of [...]
Portugal’s high street bank BCP has gone to the bonds market with a €500 million securities issue. It will be the first operation to put new bonds on the market since BCP recovered its investment [...]
The Bank of Portugal has issued a new reporting regulation for the top brass of financial institutions that will have to report fat cat salaries. The supervisor in Portugal is following the lead [...]
A leading Portuguese banker said on Tuesday that increasing interest rates for small investors with €1000 or so just isn’t worth it for the banks and would cost them a small fortune. However, [...]
Novobanco is to again attempt to sell the €37 million debt attached to a hotel in Figueira da Foz which has been nicknamed the ‘Titanic’ because of its shape. The hotel Eurostars Oasis Plaza was [...]
Ricardo Salgado, he former banker who headed Banco Espírito Santo and was instrumental in its eventual collapse in 2014, has been served with an eight year prison sentence for abuse of trust. His [...]