Banks

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 [...]

The children of the second most important director at the failed bank Banco Espírito Santo which collapsed in 2014, are trying unblock funds belonging to their father, Amílcar Morais Pires who [...]

A company hoping for millions of investment in European funding disbursed through Portugal’s development bank has had its application rejected despite initially being preliminarily accepted on [...]

The European Court of Justice has agreed with the Court of Competition that information exchanges between banks in Portugal, however isolated, amount to the behaviour of running a cartel, thereby [...]

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 [...]