Bank employees strike for first time in 33 years
Employees of Santander Totta and Millennium BCP banks have come together for a day of strike action in Porto and Lisbon against collective dismissals that they claim are being forced
Convicted BPP banker affirms he is “not coming back”
After years eluding Portuguese justice by lodging appeals, former president of BPP bank João Rendeiro has now sought to do it the ‘old fashioned way’ by simply disappearing. In his
BPP bankers already facing jail receive new ‘effective’ jail terms
Three former BPP bankers, including ex-president João Rendeiro, have received new ‘effective’ jail terms for defrauding a former Portuguese ambassador (see update below). The trio have up till now eluded
BPP banker leaves country just as time ‘runs out’ for avoiding jail
BPP banker João Rendeiro has left Portugal for the United Kingdom just as time runs out on all the attempts to avoid a jail sentence handed out three years ago
Bank staff in “psychological terror” take to streets to defend their jobs
Banking staff from some of the largest banks in Portugal are living “moments of psychological terror”, reports Jornal de Notícias today. They are being forced to rescind contracts and take
Art empresario Joe Berardo arrested over suspicions of multi-million euro fraud against Portugal State bank CGD
Breaking news this morning is that Madeiran art empresario Joe Berardo has been arrested on suspicion of “aggravated fraud, tax fraud and money-laundering”. The development follows a long-running police investigation
Guilty Portuguese bankers slapped with new jail terms
Former bankers of BPP – the Banco Privado Português which collapsed in 2009 taking with it €41 million of clients’ money – have heard today that they ‘must all go
Portuguese gold: 2020 was ‘an extraordinary year’ where reserves grew at rate of €6.4 million per day
2020 was an abysmal year for practically everyone on the planet, but it was very auspicious for Portugal’s central bank. Thanks to the country’s substantial reserves of Nazi gold –
CGD opens office in South Africa
The Portuguese state-owned bank Caixa Geral de Depósitos announced the opening of a representation office in South Africa. The office in Johannesburg has two staff and aims to ensure a
Unions, Deco call for loan moratorium extension
Business associations, unions and the consumer protection association Deco have called for the deadline for access to bank moratoriums to be extended, warning that they have been an “oxygen balloon”