Banks

A competition court in Portugal has slapped an “additional sanction” on several Portuguese banks forcing them to publish its decision to fine them for effectively operating a banking cartel to [...]

An evaluation by the Bank of Portugal into a capital share injection by insurance company Generali/Tranquilidade into Portugal’s post office bank Banco CTT, is being finalised and the deal should [...]

Santander has joined Novobanco and BPI in contesting an extraordinary contribution of €146.2 million slapped on three of Portugal’s largest bank in the wake of the Great Financial Crisis in 2011. [...]

Digital bank Revolut will no longer offer a free plan to business customers, while paid plans will be significantly more expensive from October 21, with increases of up to 58%, the digital [...]

Portuguese families have never had so much money in deposit accounts – €189Bn in June this year. Deposits increased by €2.3Bn in June, up 7.2% like-for-like on the previous month and the [...]

Once problematic European banks, like Portugal’s Novobanco that suffered during the great financial crisis 10 years ago, are now in a prime position for IPOs and sell-offs according to the [...]

The investment house AlphaValue/Baader has adjusted its expectations regarding the performance of BCP shares over the next 12 months. As a result it has reduced the target price of the bank led [...]

SIBS, the card payment services company that operates Portugal’s network of Multibanco ATM machines, has thrown the controversial issue of charges for using MB Way services squarely into the [...]

José Guilherme, the Amadora builder and close friend of the former president of the Espírito Santo Group, Ricardo Salgado, has died at the age of 85. Guilherme became famous or infamous for his [...]

The Bank of Portugal is looking into the possibility of charges levied on MB Way transfers and their respective impacts on consumers. It comes after the consumer watchdog Deco warned of the risk [...]