Former insurance company of Novo Banco enters Italy with investment of 128 million – Banking & Finance

GamaLife, the former insurance company of Novo Banco, will enter the Italian market with the purchase of a business unit of Zurich Investments Life in Italy in an investment of “approximately 128 million euros”, indicated this Monday the formerly designated insurance company by GNB Life. In release to the CMVM, GamaLife details that at issue … Read more

Banco Santander seeks to recover € 154 million that it paid by mistake to customers

At full speed, Banco Santander will try to carry out the recovery of 130 million pounds sterling (about 154 million euros), which it paid by mistake to thousands of British clients on December 25. This bank of Spanish origin accidentally made a second payment on the aforementioned day to some 75,000 people and companies to … Read more

Banco de Portugal: inflation and house prices are risks for the country (and pandemic is still around)

The effects of the pandemic have not yet all materialized on the ground, and there are risks ahead that bring more uncertainty: from inflation to changes in property prices. These are the conclusions of Banco de Portugal, in its financial stability report, with December as a reference. “The effects of the pandemic are not over, … Read more

Banco de México would raise rate for the fifth time in a row due to high inflation

The Banxico Governing Board has given evidence of not being in a hurry to accelerate the normalization of monetary conditions and has revealed its intention to continue with its gradual approach ”. Alfredo Coutiño, director of analysis for Moody’s Analytics. The bank of Mexico would raise the benchmark interest rate for the fifth consecutive time … Read more

Novo Banco becomes shareholder of Luis Filipe Vieira

Neither the Resolution Fund nor Novo Banco wanted to, but the bank led by António Ramalho is already a shareholder in the two companies of Luís Filipe Vieira, former president of Benfica, “Eco” reports this monday. The 160 million euros owed by Promotelor and Inland, in the hands of Novo Banco in the form of … Read more

Banco Provincia discounts are coming for the holidays

The second of the benefits of Banco Provincia It is the 24 installments without interest and up to 20% discount in electronics, beauty and wellness houses. This promotion began on December 6 and will run until January 6 with credit cards, without a cap, and on selected products, subject to stock availability. Discounts will be … Read more

Banco Estado cards: which accounts will be blocked and for what reasons

The BancoEstado has made the last call for those users who have not yet updated their Rut Account, which is being renewed by the banking institution for security reasons. So far, there are around 130 thousand people who still use a Rut Account without the new mechanism of the bank, so they informed by email … Read more

Costa Rican businessman will charge 18,313 million pesos for the operation of Banco del Bienestar

Businessman Costa Rican Alfredo José Urcuyo Fernández will collect 18,313 million of pesos for the administration services of the operations and banking transactions of credit or debit cards of the Wellbeing Bank, a banking institution created by President Andrés Manuel López Obrador. Outsourced services for bankarization and financial inclusion of development bank users run to … Read more

Shares of Banco Inter (BIDI11) closed down even after informing that it will continue with listing plans in the US

Source: Disclosure Inter Bank Shares (BIDI11;BIDI4;BIDI3), which rose at the opening of business this Friday (3) on the stock exchange, ended up closing with a drop, respectively, of 0.27%, 0.98% and 0.36%. At the opening, the units soared more than 5%, since, shortly before the opening of the trading session, the company informed, in a … Read more