BCP Millennium drags feet in indemnifying clients swindled by own employee
Raquel Godinho swindled clients to tune of âŹ3 million The shocking story of a bank employee who swindled clients out of âŹ3 million, before driving herself (and members of her
Bank of Portugal registers negative balance of over a BILLION euros
Almost too startling to be a âbriefâ news item, Portugalâs central bank has registered a negative operational balance for 2023 of over a BILLION euros. This may have little connection
Experts suggest former BES boss âexaggeratingâ Alzheimerâs symptoms
Defence dismisses observations Former BES boss Ricardo Salgadoâs potential âGet out of Jailâ card (his diagnosis of Alzheimerâs) appears to have been put at risk by observations by two ‘experts
Mortgage rates fall in Portugal for first time in two years
Rates in February fell to 4.641% The implicit interest rate on mortgage contracts fell in February for the first time since March 2022 – dropping 1.6 percentage points (p.p.) to
CrĂ©dito AgrĂcola profits more than triple in 2023 to âŹ296.8 million
Portugal’s CrĂ©dito AgrĂcola group made a profit of âŹ296.8 million in 2023, more than tripling the âŹ87.8 million of the previous year, it said in a press release today. The
Revolut plans Portugal branch to smooth expansion into country
Already working on obtaining Portuguese IBAN Revolut, a financial technology company best known for its banking activity in the travel segment, plans to open a branch in Portugal and is
Former bankerâs eight year jail term âconfirmedâ – but unlikely to be enforced
Judges open door to sentence âsuspensionâ due to Alzheimerâs The agonising saga of whether or not former BES banking president Ricardo Salgado should go to jail for his crimes –
State bank CGD implements average 3.25% pay rise rejected by unions
Caixa Geral de DepĂłsitos (CGD), Portugal’s state-owned savings bank, has decided to implement an average 3.25% pay increase with retrospective effect from January 1, to be paid along with this
Bank starts calling in clients with plundered fortunes
Millennium BCP banker drove off cliff, taking family with her, to avoid showdown The bizarre story of a mother of two driving off a cliff near Cascais last December, killing
Banks fear huge profits will be used in election campaign
Pre-emptively go on offensive: “We don’t need more taxes!” Bankers in Portugal ârefuse to allow banks’ historic profits in 2023 to become an election issueâ, writes Lusa today. Banking bosses