The President of Euronext Lisbon believes that Portugal’s new Government-backed development bank Banco Português de Fomento (BPF) which begins operations in November, must put up State guarantees [...]

The US vulture fund Lone Star, which has a controlling interest in Portugal’s Novo Banco, is to make changes to the bank’s management structure. On Thursday next week, the [...]

The end of the Brexit transition period is looming and the UK has so far failed to negotiate a trading deal with its European partners in the EU. Now, several UK banks say that they will withdraw [...]

The president of the Portuguese Banking Association says that the Resolution Fund should continue to inject money into Novo Banco because “State commitments should be met.” In an interview with [...]

Portugal’s mutual bank Montepio is planning to make 800 staff redundant as part of a major restructuring process. The bank is to ask the Government to issue the statute of a company under [...]

Thousands of British citizens whose registered address is in Portugal and who do not have a second home in the United Kingdom risk losing their bank accounts by the end of the year. Lloyds, [...]

Portugal’s audit office says that it is prepared to carry out a fresh audit into Novo Banco if required to by parliament. The offer from the Tribunal de Contas (audit office) comes after the head [...]

Novo Banco is to close 20 branches by the end of the year, most of them in city centres, as part of a continuing drive to cut costs and move towards digital online banking. The bank’s CEO, [...]

The new senior management directors appointed to run bank EuroBic are still waiting to take the helm despite their appointment because the Bank of Portugal has yet to give the green light. The [...]

The CEO of Novo Banco, António Ramalho has admitted to some inconsistencies and disparities identified by a €3 million audit into the bank+s management and that of its predecessor, failed bank [...]