The leader of the ruling PS party in parliament has suggested that the Resolution Fund which was set up to support the capitalisation of Novobanco created after the collapse of Banco Espírito [...]
Credit Suisse chairman António Horta-Osorio has resigned from his seven-figure job just nine months after joining the bank following a probe that revealed he had broken UK quarantine rules twice. [...]
Novobanco tried to sell a €121 million debt contracted by civil construction builder José Guilherme at a 97% discount. According to the newspaper Correio da Manhã, the Resolution Fund refused to [...]
Portugal’s mutualist bank Montepio has sold its total capital share in Montepio Valor to the Associação Mutualista Montepio Geral for €3.7 million. The impact on the bank’s accounts and capital [...]
The bank Santander is to sell the former headquarters of the defunct bank Banco Popular in Lisbon to the Spanish group Incus Capital for around €50 million. According to the newspaper Negócios, [...]
After a period of seven years offloading non-performing loan portfolios from its balance sheets, and a major restructuring plan, Portugal’s Novobanco has hinted at the content of its Strategy [...]
Banker Virgílio Lima has won the elections to decide who will manage Montepio Geral Mutualist Association savings bank by 47.98%. It means that 11,557 of the mutual association’s members voted [...]
The fintech Revolut launched its first bank in Portugal yesterday with the goal of becoming a benchmark operator in the Portuguese banking sector. Revolut launched itself as a bank in May 2020 in [...]
Banco Montepio and its partner company Montepio Crédito have sold around €360 million in consumer credit through a credit securitisation operation aimed at international institutional investors. [...]
Novobanco has announced that it had completed the sale of its subsidiary bank in Spain to the Abanca group. The bank, headed by António Ramalho, closed the sale of its Spanish interests which [...]
