Debt moratorium only covers mortgages, not consumer credit
New details about the six-month moratorium on loan repayments for families and companies that was announced by the government last week have surfaced, with the revelation that it is only
Bank card commissions and limits suspended as government seeks to ‘discourage use of cash’
Sweeping new policies brought in today by the Council of Ministers include the suspension of commissions paid by businesses for the use of payment terminals, as well as limits on
Six-month moratorium on bank loan repayments approved by government
Portugal’s Council of Minister has approved a six-month moratorium on bank loan repayments for families and companies affected by the coronavirus outbreak. The measure will remain in place until September
Banks agree to suspend mortgage repayments for up to six months
SIC television news confirmed this afternoon that all national banks are ready to suspend mortgage repayments hanging ominously now over families unable to work, for a period of at least
TV station and information director blamed for catastrophic run on Banif bank to face trial
TVI24 and its director of information Sergio Figueirdo face trial finally over an ‘erroneous’ news flash which led to a catastrophic run on Banif bank. This is a complex case
Head of Santander bank in Portugal becomes country’s second Covid-19 fatality
Tributes have been pouring for 73-year-old António Vieira Monteiro, president of Santander bank in Portugal, who lost his battle for life in Lisbon yesterday, becoming the country’s second fatality due
Bank of Portugal warns of “another unlicensed credit agency”
The Bank of Portugal has issued a warning over ‘another unlicensed credit agency’. SF – Soluções Financeiras (website https://solucoesfinanceiras.pt): “is not authorised to carry out in Portugal any financial activity
BPN ‘bankster’ dies, aged 84, having never served 15-year jail term
José de Oliveira e Costa – the former president of BPN bank that collapsed as a result of endemic corruption within it – has died, aged 84, having never served
Bankers fined millions ‘don’t pay’
Bankers fined millions of euros for malpractice or worse end up “escaping” without paying their penalties. This is message in Jornal de Notícias today which highlights some of the ‘worst
Lagos council slams closure of Bensafrim’s only bank
Lagos council has unanimously approved a motion condemning the closure of the only bank in Bensafrim. The motion was presented by Lagos Mayor Hugo Pereira following a wave of protests