Bank of Portugal gives government growth forecasts “thumbs down”
Caption: Portuguese prime minister António Costa Despite the benefit of the doubt displayed this week by President of the Republic Marcelo Rebelo de Sousa, the Bank of Portugal has poured
Legal move to sue Bank of Portugal for “incalculable damages” enters Lisbon’s administrative court
“Incalculable damages” caused by last year’s controversial Banif Bank resolution has prompted 40 investors to lodge a court action against the Bank of Portugal (BdP). The “ação de impugnação” seeks
New banking shock as former Banif director António Varela leaves top job
Media speculation is rife today over the reasons for the sudden resignation of former Banif director António Varela from his top job at the Bank of Portugal. Coming days after
Damaged BES investors say solution at last in sight
After months of protests and angry recriminations, the “association of the damaged” has emerged from a meeting with the Bank of Portugal saying it is optimistic that a solution to
Bank of Portugal hires Deutsche Bank as “financial colossus stumbles”
With the financial world reverberating with fears over the health of Germany’s banking colossus Deutsche Bank, news here is that the Bank of Portugal has hired the troubled institution to
Bank of Portugal spends €100,000 researching ins and outs of monetary union
President of the Bank of Portugal Carlos Costa has given the go ahead to a €100,000 contract with the New School of Business and Economics in Lisbon to research the
Banif resolution could cost Portugal €3.7 billion
It is a grim forecast that many were already aware of but which has taken its toll on upwards of 50,000 small investors, who believed a bank owned in large
Governor of Bank of Portugal talks of schizophrenia
The target of resounding criticism over his handling of the nation’s multiple banking crises, Governor of the Bank of Portugal Carlos Costa has been talking of schizophrenia – but not
Bank of Portugal under attack
Bank of Portugal governor Carlos Costa is under attack from all sides. Large investors, small investors, ratings agencies, even the government. His decision over the Christmas holidays to “selectively and
Beleaguered Bank of Portugal justifies Novo Banco sale fiasco
Vilified in the nation’s press for failing on his promise to sell Novo Banco quickly and to the highest bidder, governor of the Bank of Portugal Carlos Costa is doing