The entity given the responsibility for approving the directors of Portugal’s new development bank, Banco Português de Fomento, has approved the executive team. CRESAP – the Commission for [...]
The report from the parliamentary inquiry commission into mismanagement and reckless lending at BES and selling assets under value at Novo Banco has reached a damning verdict. Fernando Anastácio, [...]
Novo Banco will offer another bad loan portfolio to investors – this time worth €640 million. The portfolio called Project Harvey includes 20 big debtor loans according to sources consulted [...]
The Portuguese tax payer may have to foot the bill for a €31 million debt to the public bank Caixa Geral de Depósitos taken out by former Benfica football boss Luís Filipe Vieira. The Public [...]
A high profile parliamentary inquiry into mismanagement and losses at a private bank which has eaten up billions in public money is drawing to a close. The hearings conducted by the commission [...]
The Portuguese finance minister João Leão has called on the Portuguese parliament to stop over dramatising the amount of money paid into the Resolution Fund to keep the bank’s capitalisation [...]
