Banif resolution could cost Portugal âŹ3.7 billion
It is a grim forecast that many were already aware of but which has taken its toll on upwards of 50,000 small investors, who believed a bank owned in large
âDisastrousâ sale of Banif bank hides âŹ79 million in court actions
As the dust settles on what has been variously described as the âdisastrousâ and âcatastrophicâ sale of Banif Bank to Spainâs Santander Totta, news sources have been reporting on the
BANIF BOMBSHELL
With branches of Banif bank still being besieged by panicked customers on Wednesday, Portugalâs press has finally woken up to the fact that this is yet another national âbanking disasterâ
Historic losses on Portuguese stock exchange as Banif Bank reported âinsolventâ
A television report suggesting that the Portuguese government is about to bailout Madeiraâs Banif Bank has led to historic losses on the stock exchange and ominous rumblings from ratings agency
DECO slams banks, saying it is better to âkeep your money under you mattressâ
A study by consumer watchdog DECO has found that it is better to âkeep your money under the mattressâ than to make a deposit at the bank. The association looked
Portuguese banks tot up profits of âŹ542 million
With banks in Portugal shedding staff at an exponential rate, the good news for the sector is that six of the countryâs leading institutions have recorded joint profits of almost
Banks fail clients over retirement plans, says DECO
Consumer watchdog DECO is publishing a damning report that shows Portugalâs five principal banks all fail clients looking for solid retirement plans. State bank CGD, along with BPI, Millennium BCP,
SĂłcratesâ luxurious house arrest in building still registered as âwarehouseâ
No sooner was he ensconced under house-arrest in Lisbon than Portugalâs media has been looking behind-the-scenes at the unexplained luxury of SĂłcratesâ new address. Described still as a âbarracĂŁoâ (shed)
Justice ministry goes full steam ahead ârepairing 31 court buildings for winterâ
After its annual summer recess the Justice Ministry has returned to work with a bang. It has nothing to do with the thousands of cases piling up to be dealt
SPANISH BANK BUYS BARCLAYS PORTUGAL FOR âŹ100 MILLION
Spanish bank Bankinter has bought Barclays retail banking business in Portugal for âŹ100 million. It is a deal which represents losses for Barclays of âaround âŹ272 millionâ as it absorbs