The last accounts signed off by former CEO of EuroBic, Fernando Teixeira dos Santos who left the bank last week, saw a €5.3 million loss. The Covid-19 pandemic has put pressure on the accounts of [...]
After 10 years at the helm of Lloyds, the Portuguese banker António Horta-Osório has been appointed the chairman of one of the largest and most important banks in the world – Credit Suisse. [...]
The Portuguese parliament has voted to cancel a €476 million transfer from the bank’s Resolution Fund to Novo Banco. So what are the options now? The decision effectively calls into question the [...]
The Portuguese parliament’s decision to block a €476 million cash transfer from the state-backed Resolution Fund has sent shivers through Portugal’s banking system. The Resolution Fund, which [...]
The Portuguese CEO of Lloyds Bank in the UK has warned that the capital ratio banks are required to have by the European Central Bank will not be able to cover an expected avalanche of credit [...]
In a study of 38 European banks, the global credit ratings agency DBRS Morningstar has concluded that the Portuguese state-owned bank Caixa Geral de Depósitos enjoyed the greatest fall in credit [...]
Six of the main banks in the Portuguese market lost 1,016 staff between September 2019 and September 2020. The number of bank branches has also been slashed and today there are 187 fewer in the [...]
Three famous UK TV celebrities lost millions of euros in an Algarve property investment that went horribly wrong. Ant and Dec paid €3 million each to purchase property in the Algarve’s The Keys [...]
The CEO of State-owned bank Caixa Geral de Depósitos, Paulo Macedo says he does not want to sell the bank’s interests in Brazil, Banco Caixa Geral, under “bad conditions”. The brakes have also [...]
The Portuguese bank BPI, which is owned by the Spanish CaixaBank, saw its profits fall 66% to €85.5 million to September. Its liquid profits were €47.4 million for the first half of the year but [...]
