Supreme Court tells former BPP banker “Go to Jail”
The Supreme Court of Justice (STJ) announced on Thursday that it has rejected the appeal filed by Salvador Pizarro de Fezas Vital, former director of BPP bank which ‘collapsed’ owing
Millennium BCP bid for ‘no planning permission compensation’ drops by around €92 million
Bank currently asking Silves municipality for “more than €8 million” After all the tough words, and dizzying numbers, the ‘bid for compensation’ over a planning rebuff for one of the
Civil construction boss and one of BES’ banks’ greatest debtors dies before trial
With the trial into the implosion of BES bank 10 years ago still weeks away from starting, another ‘key figure’ has left the complicated picture. This time it is civil
BES victims demonstrate 10 years on…
Victims of the collapse of Banco Espírito Santo (BES) almost exactly 10 years ago took to the streets once again today, to demand the €45 million they say they are
EU court upholds €225 million fine on 14 banks operating in Portugal
“Unprecedented fine” imposed by Competition Authority for concerted pratices The Court of Justice of the European Union (CJEU) has upheld fines imposed by Portugal’s Competition Authority on 14 banks for
New measures could push public finances back into red, says central bank
The Bank of Portugal warned on Friday that measures approved recently by the government risk pushing the public sector finances back into the red in the coming years, in its
No 100% mortgages for under-35s …
The AD government’s blueprint to ‘fix’ the housing crisis, and stimulate supply, has a long way to go before being ‘set in stone’, with one of the most ‘heroic’ measures
Average monthly mortgage instalments fall for first time since 2021
The average monthly instalment on mortgage loans in Portugal fell to €423 in March, in what was the first reduction since December 2021, according to data released today by the
BES banking scandal: dozens of crimes almost certain to lapse this year
Observador reminds the country this week that dozens of crimes relating to the most catastrophic banking scandal in Portugal’s history are headed for the wastepaper basket. The BES/ GES banking
Julius Baer to open bank in Portugal
The second largest Swiss bank specialising in managing private fortunes, Julius Baer Group AG, is to open a bank in Portugal in 2025. It comes after a Portuguese team of