Consumers prefer traditional banks to digital ones – study
But trust in digital currencies is still higher than that recorded in Spain, Italy, Greece and UK Portuguese consumers trust traditional banking more than digital banks, with the former scoring
Portuguese banks kept afloat thanks to €2,200 from each citizen
Each Portuguese citizen has financed the banks in this country over the last 14 years to the tune of around €2,200. This is the translation of the numbers given by
Novo Banco may need more capital injections
José Quelhas, the judge rapporteur of the Court of Auditors’ audit report on the management of Novo Banco, said on Tuesday that the scenario of new injections of public money into Novo Banco has not been ruled out.
State Bank CGD in court
The Intermunicipal Community of the Douro has slapped State Bank Caixa Geral de Depósitos with a lawsuit, citing the “reduction of service” across 19 boroughs. The community accuses the bank
Portugal’s banks in no hurry to raise interest rates
Portugal’s banks are in no rush to raise interest rates on savers’ deposits even though the European Central Bank has done so by 0.5%. Portugal’s five main banks Santander Totta,
Novo Banco: government and Bank of Portugal “did not safeguard public interest”
Taxpayers may still have to stump up another €1.6 billion, warns Accounts Court That this news comes on a day when everyone is focused on wildfires ripping through the centre
Portugal: Stock market sees bank shares fall almost 10%
The Lisbon stock market was down today, accentuating the opening losses, with BCP shares down 9.48% to €0.12 and Galp Energia shares up 3.24% to €11.15. Around 08:55 in Lisbon, the
Novo Banco lets courts decide who Venezuela’s €1.5 billion belongs to
Novo Banco has said it is up to the courts to decide the (long-running) controversy over who the billion-plus dollars/ euros in Venezuelan deposits held in Portugal actually belongs to.
Victory at last for victims of Premier FX ‘collapse’: Barclays pays out over €10 million
Victory at last has come for 167 of the victims of the collapse of foreign exchange company Premier FX. The British company with offices in Almancil went belly-up ‘out of
João Rendeiro complains to UN about prison conditions in South Africa
“The conditions are terrible. The windows have no glass. There is no hot water. There is no medical assistance. There is no bed linen or adequate towels. South African jails