Bank Of Portugal

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  Bison Bank Becomes Portugal’s Legit Virtual Asset Service Provider, Central Bank Gives Approval

  The central bank of Portugal, also called the Banco de Portugal, has given its nod to Bison Bank to operate as a virtual asset service provider. With this, Bison Bank has become Portugal’s first lender to score this license. Previously, crypto exchanges Criptoloja and Mind The Coin, along with a Portugal-based on-chain crypto payments firm Utrust...

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  Europe's Bankers Press Pause Not Panic Over Greece

  Euro zone stocks remained well ahead of where they were at the start of the year before the European Central Bank (ECB) started printing money, and while government borrowing costs shot up in Europe's indebted southern countries - Italy, Spain and Portugal - they remained well below the heights scaled at the peak of the crisis in 2011/2012.

• Weaker Euro Zone States May Bear More QE Risk: Report

  European Central Bank officials are considering ways to ensure weak countries that stand to gain most from a fresh round of money printing bear more of the risk and cost.

• Wall Street Up on Earnings, Portugal Bank Deal

  US stocks rose in early trade on Monday, lifted by earnings including those of Warren Buffett's Berkshire Hathaway, with gains partly offset by drops in high-yielding dividend stocks in the utilities sector.

• Asian Stocks ,Mixed, Euro Hit by Portugal Debt Fears

  Asian markets were mixed Monday on the back of Chinese data showing a recovery in the world's second-largest economy, but fears of a catastrophic bank run in Portugal hit the euro.

• Bank Scandal Tarnishes Powerful Portuguese Family

  Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record losses at the family bank and a police investigation.

• Bank Scandal Tarnishes Powerful Portuguese Family

  Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, and a police investigation.

• Former Portuguese Bank Head Arrested for Money Laundering

  Ricardo Salgado, a Portuguese economist and Banker, who was forced to quit as head of stricken Portuguese bank Banco Espirito Santo (BES) in May, was arrested today in connection with money laundering, the chief prosecutor's office told AFP.

• Why the worst may not be over for the global economy

  More than three years after the end of the global recession, sluggish activity across rich and poor economies is confounding policymakers who expected more by now and raising concerns that options for kick-starting growth are increasingly limited. They face a sobering checklist

• If Cyprus can sell gold to help bailout, why not others?

  Heavily indebted euro zone nations such as Italy and Portugal could come under pressure to put their bullion reserves to work as a result of plans for Cyprus to sell gold to meet its financing needs.

• European stocks stage recovery from Friday's selloff

  The yen tumbled against the euro and the dollar on Monday as the Bank of Japan embarked on its massive stimulus drive, but weak U.S. jobs data and worries about Portugal weighed on other assets in Europe.

• Cyprus leaves shares facing worst week since November

  World shares were heading for their worst week since November and gold was nearly at a one-month high on Friday as Cyprus scrambled to avoid a meltdown of its banks and exit from the euro that could upset the whole region.

• Euro Zone agrees 10 billion euros bailout for Cyprus

  International lenders struck a deal on Saturday to hand Cyprus a bailout worth 10 billion euros to stave off bankruptcy, a senior euro zone official said. Cyprus is the fifth country after Greece, Ireland, Portugal and Spain to turn to the euro zone for financial help in the wake of the sovereign debt crisis that started in 2010.

• EU says euro zone economy to shrink again in 2013

  The European Union predicted Friday that the economy of the 17 member countries that use the euro will shrink again in 2013 even though it will see its fortunes improve in the second half of the year.

• CARE foraying into overseas market, starting from Portugal

  Rating agency CARE is in the process of foraying into the overseas market with the first office to come up in Portugal next year, a senior company official said today.