Bankers

The second largest Swiss bank specialising in managing private fortunes, Julius Baer Group AG, is to open a bank in Portugal in 2025. It comes after a Portuguese team of ex-Credit Suisse [...]

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 [...]