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Bank of Portugal

Home Bank of Portugal Page 7

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“No white smoke” at midnight as Novo Banco sale remains shrouded in uncertainty

D-Day for the sale of Novo Banco came and went yesterday, with no-one any the wiser as to what has happened. “Market in the dark over winner of Novo Banco”,

September 1, 2015by shareitIn Bank of Portugal, BES, Justice, Novo Banco
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D-day today for Novo Banco sale

For better or worse, the Bank of Portugal has to decide by midnight tonight on negotiations it has been having over the sale of Novo Banco. Always intended to be

August 31, 2015by shareitIn Bank of Portugal, Novo Banco
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Bank of Portugal requests “more time” to mount defence as crowds of “the indignant” hurl eggs at windows

With the nation’s media forever featuring photos of the governor of the Bank of Portugal Carlos Costa with eyes closed and pursed mouth resting on clasped hands, news today is

August 20, 2015by shareitIn Bank of Portugal, Novo Banco, Portugal News
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Bank of Portugal allegedly cites Montepio over Angola money-laundering and “finance of terrorism”

A new financial ‘scandal’ has been presented today in PĂșblico, alleging that the Bank of Portugal (BdP) has called in the public ministry over “suspect money-laundering operations” at CEMG –

July 24, 2015by shareitIn Bank of Portugal, Portugal News
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Portugal’s bank regulator speaks out for BES victims to no avail

No matter how vociferously he supports the thousands of commercial paper holders who lost their savings in the BES ‘carve up’, the leader of Portugal’s CMVM banking regulator Carlos Tavares

July 15, 2015by shareitIn Bank of Portugal, BES
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Portugal’s consumer credit up 30%

Portuguese consumers were loaned much more money (€403 million) in April than the same month last year, data from the Bank of Portugal has revealed. In fact, consumer credit grew

June 16, 2015by shareitIn Bank of Portugal, Portugal News
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Dramatic scenes as ruined BES investors try to storm Passos Coelho’s official residence in São Bento

Lisbon was once again the scene of violent protests today as ruined former BES investors took their rage onto the streets. Police were called and in the escalating chaos at

June 5, 2015by shareitIn Bank of Portugal, Novo Banco, Passos Coelho, Portugal News
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Carlos Costa remains in driving seat as Bank of Portugal hands out €5 million in BES “fines”

Against a background of so much controversy that he could be termed the Portuguese banking sector’s equivalent of Houdini, governor of the Bank of Portugal Carlos Costa has secured a

May 29, 2015by shareitIn Bank of Portugal, Portugal News
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Bank of Portugal pays €800,000 to “friend’s firm” to oversee Novo Banco sale

With the story broken by radio TSF and now doing the rounds of national media, it appears that the Bank of Portugal is once again in hot water over the

May 22, 2015by shareitIn Bank of Portugal, BES, Portugal News
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Money-laundering ‘crackdown’ closes currency exchanges throughout Portugal

The Bank of Portugal has ordered the suspension of all operations at Money One and Transfex currency exchanges as police launch a huge investigation into drug-trafficking and money-laundering potentially linked

April 24, 2015by shareitIn Bank of Portugal, Portugal News
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