The state-owned bank Caixa Geral de Depósitos has raised its bank charges again — this time for some bank services and products such as cheque withdrawals at branches which will triple. Last [...]

Novo Banco, the bank that rose from the ashes of Banco Espírito Santo which collapsed in 2014, is to ask for an extra €1.49Bn cash injection from the Resolution Fund after posting massive [...]

The Government says that the insurance regulator could open an inquiry into the professional ethics of top Portuguese banker Tomás Correia. Correia is the current Chairman of the Montepio General [...]

The US ratings gency Moody’s has warned this week that the negative overseas perception of Portugal’s banking system generated by the Caixa Geral de Depósitos scandal could “damage Portugal’s [...]

The professional integrity and competence of the Governor of the Bank of Portugal, Carlos Costa, is being called into question by both bankers and politicians. The leader of Portugal’s new [...]

Profits at Santander Totta soared to €500 million in 2018 in what was the bank’s best results since 2015. According to Jornal de Negócios, the bank led by Pedro Castro e Almeida improved its [...]

Portugal’s state-owned bank Caixa Geral de Depósitos is to slap a 83 cents charge on all online bank transfers. The charge represents a 60% hike on current charges of 52 cents that the bank’s [...]

Portugal’s state owned bank Caixa Geral de Depósitos has admitted losing almost €1.2Bn from a number of high risk loans between 2000 and 2015. The loans did not comply with the regulations [...]

Banks in Portugal will be able to offset 100% of their imparities (a reduction in the recoverable amount of a fixed asset below book value) against their corporation tax. The measure was approved [...]

The Portuguese cooperative bank Montepio’s bid to float €250 million in bonds onto the market has failed. The bank hoped to raise the money by issuing bonds to strengthen its capital [...]