Bank of Portugal forcing changes at Montepio
The Bank of Portugal is reported to be trying to âaccelerate the separation between Montepio bank and the Associação Mutualistaâ – both currently run by banker TomĂĄs Correia. The reason,
New Zealand fund launches legal action against Bank of Portugal
As intimated in February, the New Zealand Superannuation Fund has added its weight to the landscape of multimillion euro lawsuits and legal actions that has flourished in the wake of
Governor of Bank of Portugal calls for creation of European Monetary Fund
After Portugalâs debt to the International Monetary Fund leapt âŹ230 million with the fall of the euro against the dollar, Portugalâs Governor of the Bank of Portugal Carlos Costa has
Pension sting
The Bank of Portugal delivered a bitter blow to former BES administrators this week – all of whom were expecting their million-euro pensions to be paid by Novo Banco. Novo
Forensic audit shows Salgado âdisobeyed Bank of Portugal 21 timesâ
Details of the long-awaited forensic audit into the catalogue of errors that led to the âŹ3.6 billion collapse of BES bank last year have at last emerged and been sent
New Zealand retirement fund sues Bank of Portugal over its âunlawfulâ handling of BES debacle
A New Zealand Superannuation Fund, backed by the NZ government, is the latest âheavyweightâ to announce it is suing the Bank of Portugal over its handling of the BES banking
Goldman Sachs limbers up for âŹ706 million court battle with Bank of Portugal
Multinational investment firm Goldman Sachs is limbering up for major court battle with the Bank of Portugal over the 835 million dollar (âŹ706 million) loan that was left in the
Bank of Portugal now accused of having caused BES collapse
In another week of after-shocks surrounding the biggest private banking scandal ever to hit Portugal, Luxembourg lawyers acting for creditors of EspĂrito Santo Financial Group (ESFG) blame the Bank of
BES shareholders sue Governor of the Bank of Portugal for âinjurious negligenceâ
As key players appear before the government inquiry into the collapse of BES, 485 shareholders have banded together to sue the Governor of the Bank of Portugal over damages they
Bank of Portugal Governor unconvincing in BES enquiry
It took seven hours of tough questioning and, even so, the parliamentary commission of inquiry into the BES banking scandal remained unconvinced by the Governor of the Bank of Portugal