CGD privatisation
As big-name banks pull out of Portugal, the government is reported to be preparing to sell off Caixa Geral de Depósitos (CGD) by the end of 2015. The announcement came
BBVA (also) pulls out of Portugal
Closing || Just a week after banking giant Barclays announced it is pulling out of Portugal, news has emerged that Spanish bank BBVA is also packing its bags. According to
Bye-bye Barclays
So far, everyone is playing their cards close to their chests. What we know for sure is that 1,600 employees in 147 branches up and down the country are wondering
Bye-bye Barclays?
Barclays Bank is pulling out of Europe big-time. This means all Portugal’s 147 branches – employing a total of 1,600 people – will either be sold off or simply closed
Barclays bank tops customers’ black-list
Barclays Bank received as many as 68 complaints from disgruntled clients every day last year. Figures released by the Bank of Portugal (BdP) show that Barclays topped customers’ blacklists “in
Santander Totta is ‘Best Bank in Portugal’
Santander Totta has been named ‘Best Bank in Portugal’ by American magazine Global Finance. The vote came in the magazine’s annual ‘World’s Best Banks in Developed and Emerging Markets’ awards.
Portuguese banks "shrink" as hundreds of workers are laid off
Portuguese banks underwent major downsizing last year, with hundreds of workers thrown onto the streets. The quaintly-termed “restructuring process of Portugal’s financial sector” led to the shutdown of over 200
Police alert over latest bank scams
Customers of Caixa Geral de Depósitos and Montepio Geral have been warned to ditch any emails they receive from their banks “immediately and definitively”. The national command of PSP police
Government set to lose €46.6 million on BPN paintings
News emerged last week that the long-awaited sale of Joan Miró paintings formerly owned by disgraced Portuguese bank BPN will cost the government more than €46 million. The value of
Portuguese Caixa Seguros sold to Chinese in €1 billion deal
Fosun International, China’s largest privately-owned conglomerate, is one of Portugal’s newest investors. In a €1 billion deal, the Chinese group has won the bid for 80% of the share capital