Banks

Spanish bank Bankinter is looking to continue its sustained growth in Portugal but is ruling out any mergers or takeovers … for now. In an interview with the Portuguese business daily Jornal [...]

A severe economic crisis following the Covid-19 pandemic and a slow recovery could mean Portugal’s banks will need a bailout to stay afloat. Hardly yet recovered after the previous financial [...]

MPs at Portugal’s parliament have given the green light for the appointment of Mário Centeno as the new governor of the Bank of Portugal whose appointment was officially announced on Thursday. [...]

A former senior director of Banco Espírito Santo, which collapsed in 2014 leaving a trail of debts, said he was “perplexed with the depth and scale of fraud” committed by senior figures at the [...]

The Portuguese Supreme Administrative Court has thrown out an injunction aimed at stopping former Finance minister Mário Centeno from taking up the governorship of the Bank of Portugal. It means [...]

The former chairman of Banco Espírito Santo, Ricardo Salgado and his right-hand man Amílcar Pires are to go to trial along with 23 other legal suspects on varying charges of capital laundering, [...]

If Novo Banco exhausts its cash limit with the Resolution Fund and fails to get further investment from the US vulture fund Lone Star it could face nationalisation. At present, Novo Banco, which [...]

Portuguese banker António Horta-Osório, who will quit his post leading Lloyds bank in London in 2021, has not ruled out returning to Portugal. “My professional future is totally open and [...]

Portugal’s Public Ministry is to accuse ex-banker Ricardo Salgado of leading a criminal organisation within Banco Espírito Santo, the bank he ran for over 20 years until it collapsed in 2014. [...]

The Governor of the Bank of Portugal, Carlos Costa, will quit his post ending a 10-year term of office at Portugal’s central bank today. On the same day, the ex-minister of Finance, Mário [...]