âHow could a bank regulator âmissâ the sharp practices of 14 national banks?â
This is the question that has inflamed left-wingers as the country is suddenly immersed in electioneering. With less than a month to go before the country goes to the polls,
14 banks fined âŹ225 million for âconcerted practicesâ
After an exhaustive, long-running investigation, Portugalâs competitions authority AdC has fined 14 banks a total of âŹ225 million euros for concerted practices of exchanging sensitive commercial information on credit products.
Further jail sentences handed out as BPN fraudsters remain free
A Lisbon court has handed out further stiff jail terms for fraudsters involved in the BPN banking scandal, but the likelihood of any of them going to jail remains slim.
BPPâs guilty bankers âpay their way out of jailâ
Four years since their trial started, over eight years since the banking fraud was discovered, BPPâs former top men, principally JoĂŁo Rendeiro, Paulo Guichard and Salvador Fezes Vital, have all
CGD âhorror storiesâ fill Portuguese news as finance minister (and PM) end up with egg-on-face
With horror stories of alleged dodgy dealings, debts sanctioned to the tune of hundreds of millions of euros and meetings organised to âchange the lawâ in directorsâ favour, State Bank
TVI condemned over catastrophic banner-story that Banif was closing
Press regulator ERC has condemned TVI for ânot contacting the interested partiesâ before going live on December 13 with information that Banif bank was closing. The precipitous story, which TVI
ISEG report highlights dangers of âexcessive associationâ between politicians and banks
A report compiled by researchers from Lisbonâs ISEG business school claims Portugalâs politicians are much too chummy with the banking sector. Itâs a form of âexcessive associationâ that actually compromises
Portugal faces budget amendment as it reaches deal to pump âŹ2.7 billion into state bank CGD
A deal to recapitalise state bank Caixa Geral de DepĂłsitos (CGD) to the tune of âŹ5.1 billion means amendments will have to be made to Portugalâs budget. The government has
Portugalâs private banks lose âŹ1.4 million every day
With Lisbonâs institute of management and economy (ISEG) finally predicting growth within the Portuguese economy, albeit slow, the countryâs private banks are showing the opposite tendency once again registering millionaire
2500 jobs to be axed in CGD bank restructuring plan
After all the dire news about its financial situation, the governmentâs ârestructuring planâ for State bank Caixa Geral de DepĂłsitos has been approved, and it confirms the slashing of up