Portugal’s high-street banks are to close up to 100 branches by the summer. Its largest bank Caixa Geral de Depósitos (CGD) alone will close 70. Novo Banco will close 35 this month. Paulo Macedo, [...]
Portugal’s second largest clearing bank Santander Totta has been upgraded from A- to A by the fourth largest credit ratings agency worldwide – Toronto based DBRS Inc. It comes as the bank [...]
The board chairman of troubled Portuguese bank Montepio, Tomás Correia is facing a challenge to his leadership. Company top brass candidates defeated in the last elections are drawing up a new [...]
Portugal’s Minister of Finance Mário Centeno has stated that Government capital injections into the country’s ailing Novo Banco will not impact public finances
David Samson, former publisher of People & Business magazine, reflects on how Portugal’s banking system has been overhauled since the financial crisis of 2008.
