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Banks

Home Banks Page 15

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CGD’s liabilities now pegged at €5 billion and rising

The political furore over what went wrong at State bank Caixa Geral de Depósitos – and more importantly how much it is all going to cost – is continuing to

June 23, 2016by shareitIn Banks, Portugal News
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CGD’s crippling debt-load “could be as much as €8 billion”

With a parliamentary commission being set up to identify “what went wrong”, the bottom line is that State bank Caixa Geral de Depósitos is in one heck of a financial

June 21, 2016by shareitIn Banks, Portugal News
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CGD restructuring deal will see 2,000 bank staff laid off by 2019

Marques Mendes, the former PSD leader who is now employed as a television commentator, has said this week that State bank Caixa Geral de Depósitos is preparing a restructuring plan

June 14, 2016by shareitIn Banks, Portugal News
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Association of 3,500 ‘damaged’ Banif clients take bank regulators to court

The thousands of Banif bank clients who lost life-savings in the ‘resolution’ pushed through by Portugal’s bank regulators in December last year are taking both the Bank of Portugal and

June 7, 2016by shareitIn Banks, Portugal News
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Judgement today in almost eight-year-long BPN trial

It has been so long in coming that many people will have already forgotten what exactly the BPN trial is about – other than the fact that it was the

June 2, 2016by shareitIn Banks, Portugal News
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Banif was “a dreadful bank”, former regulator tells commission

As MPs knuckle down to yet another dismal banking post-mortem, former hot-shot regulator António Varela (pictured) has left no one in any doubt on the Banif disaster. “Banif was a

April 1, 2016by shareitIn Banks
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Controversy marks opening of Banif inquiry

Controversy marked the opening of the parliamentary inquiry into the resolution of Banif Bank on Tuesday. First, documentation requested from the Bank of Portugal was being held up – on

March 29, 2016by shareitIn Banks, Portugal News
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Economists and businessmen to protest over “Spanishing” of Portugal’s banks

As many as 50 economists and businessmen have signed up to a manifesto protesting against what they call the “Spanishing” of Portugal’s banks. According to Económico website, the document will

March 22, 2016by shareitIn Banks, Portugal News
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Legal move to sue Bank of Portugal for “incalculable damages” enters Lisbon’s administrative court

“Incalculable damages” caused by last year’s controversial Banif Bank resolution has prompted 40 investors to lodge a court action against the Bank of Portugal (BdP). The “ação de impugnação” seeks

March 21, 2016by shareitIn Bank of Portugal, Banks, Portugal News
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Trading suspended on BPI as Isabel dos Santos prepares to sell stake to Caixabank

Market regulator CMVM suspended trading on BPI stock on Wednesday morning as news that Africa’s richest woman, Isabel dos Santos, is now locked in talks with Spain’s third largest bank

March 2, 2016by shareitIn Banks
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