Novobanco has reorganised its share capital and completed its move to a new headquarters in Taguspark. Novobanco has decided to reallocate its free reserves of €5Bn to “absorb losses” and the [...]
Nuno Matos, who headed HSBC Mexico and was Head of Santander Investment in France, Peru and Portugal, has been tipped as one of the front runner candidates to head the British bank HSBC. [...]
China’s Haitong Bank has opened a lawsuit against Novobanco over irregularities in the sale of former Banco Espírito Santo Investments (BESI) in 2014 in a €380 million deal. The Chinese banking [...]
Parvalorem, a Portuguese public company set up to manage and claw back assets from the nationalised bank BPN which collapsed in 2008, has managed to pay the State back around €100 million. It is, [...]
The 100% app driven digital bank Revolut is to introduce personal loans for up to €30,000 with an ambition to be among the top 3 lenders in the segment in Portugal. Introducing home loans to [...]
The Bank of Portugal expects that from January next year banks will no longer be charging customers for bank transfers. It has to do with a new EU regulation that will come into force on 9 [...]
BBVA Research, the economic analysis department of Spanish bank BBVA, has forecast that Portugal’s GDP will slightly overtake that of Spain in 2025. Speaking at a conference on ‘Financial [...]
The CEO of Portuguese public-owned bank Caixa Geral de Depósitos, Paulo Macedo says he will carry on at the helm of the bank for the time being but already has a succession plan in place. The [...]
Portugal’s development bank Banco Português de Fomento has now signed all of the contracts regarding its Venture Capital programme according to online news source ECO citing an official source at [...]
Portugal’s banks are embracing new smart technologies to innovate, better serve their clients and deal with fraud and cybersecurity threats. Maria José Campos, Executive Board Member and COO at [...]
