Banks

Portugal’s banking sector has closed 801 branches and shed 3,700 jobs over the past five years in the biggest shake-up and restructuring in the sector’s history. However, the process of slimming [...]

CaixaBI, the investment arm of Portuguese public bank Caixa Geral de Depósitos (CGD) was voted the best investment bank in Portugal by Euromoney – the international magazine for the [...]

Bankinter has posted net profits of €473.5 million for the first half of the year, an increase of 13.3%. The Spanish group’s EBITDA was €715.4 million, an increase of 14.4% of which the bank’s [...]

Portugal’s Central Criminal Investigation Court (TCIC) has decided to bring to trial four defendants in a corruption case associated with the failed bank Espírito Santo and its associated [...]

Angolan investor Isabel dos Santos has sold her 42% share in Portuguese bank EuroBic to Abanca in a deal that was signed on 11 June, four years after the Bank of Portugal gave the green light for [...]

Portugal’s competition authority (AdC) has given the green light for Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) to acquire an exclusive controlling share in Banco de Sabadell following [...]

Novobanco has reorganised its share capital and completed its move to a new headquarters in Taguspark. Novobanco has decided to reallocate its free reserves of €5Bn to “absorb losses” and the [...]

Nuno Matos, who headed HSBC Mexico and was Head of Santander Investment in France, Peru and Portugal, has been tipped as one of the front runner candidates to head the British bank HSBC. [...]

China’s Haitong Bank has opened a lawsuit against Novobanco over irregularities in the sale of former Banco Espírito Santo Investments (BESI) in 2014 in a €380 million deal. The Chinese banking [...]

Parvalorem, a Portuguese public company set up to manage and claw back assets from the nationalised bank BPN which collapsed in 2008, has managed to pay the State back around €100 million. It is, [...]