Novo Banco embarks on “butterfly” publicity campaign
As Novo Banco’s beleaguered employees turned their computers on for the day on Friday, they were greeted with the institution’s latest attempt at image-change: the new logo that is designed
Montepio and two other banks new targets of forensic audit
Bank of Portugal || As the collapse of BES continues to create headlines, news comes that Montepio Geral is in the eyes of the Bank of Portugal – along with
Banks back in the headlines
Fears about the security of the banking sector had receded, but the recent news about Banco Espírito Santo brought back memories of the uncertainty we have experienced a few times
BES: €15 million funding of Portugal’s major political parties now under scrutiny
As Portugal’s news media carries daily ‘exclusives’ on the ongoing meltdown at the Espírito Santo banking empire, it is now very clear why politicians of all persuasions are keeping surprisingly
BES – there is no need for state to intervene says PM
BES Update || Pedro Passos Coelho has said that “there is no reason for the state to intervene..” following concerns about the stability of the Banco Espirito Santo (BES) bank,
BES shares suspended following drop of 17 per cent
Shares in one of Portugal’s biggest banks were suspend today (July 10) after the shares fell by 17 per cent following fears concerning accounting irregularities and the financial health of
ATM boss to take over as chairman of BES
BANK || Vítor Bento, the current president of SIBS, the company that manages the ATM (Multibanco) machines in Portugal, has been officially proposed as the new chairman of Banco Espírito
BPI bank starts shutting down in Lisbon, Braga and Matosinhos
A total of 28 BPI branches closed for good last Friday as the bank starts a streamlining programme which means to shed as many as 6,000 workers from its domestic
No banks
The popular tourist town of Ferragudo is soon to be left with no banks. Banif, the only bank to still run a branch in the town, has let the local
American “interest” in Barclays Portugal
Bank || Two US investment funds are said to be “interested” in taking over Portugal’s condemned retail (high street) branches of the internationally-streamlining Barclays Bank. According to Diário Económico, Apollo