Former CEOs defended viability of Banif . The saga of the committee Banif began. The first to be heard was Joaquim Marques dos Santos, CEO until 2012, which assured the MPs that the bank was not bankrupt, although still at the end of this year have received a capital injection from the state 1,100 million. “The bank’s viability was never in doubt,” said Marques dos Santos. Jorge Tomé, his successor to the resolution of Banif, attributed the responsibility for the bank’s fall the news on TVI on 13 December: “If there had not been the TVI episode, Banif have a normal liquidity situation.” Jorge Tomé said that the week after the news came out EUR 960 million in deposits. A week “fateful” classified. On 20 December 2015, the bank was operated upon, with the injection of 2.255 million additional euros and selling the principal activity at Santander Totta. Wednesday is heard Luis Amado.
BCP depreciates with the possibility of a capital increase . Investors looked to the notice of the AG and saw in it the harbinger of a capital increase. What pressed on Tuesday the shares of the bank, who came to depreciate more than 9%, eventually ending the session with a loss of 6.8% and be worth 3.99 cents. It is recalled that the bank will vote in the general meeting of April 21 that current investors abdicate the right of first refusal on a future capital injection, opening the door to new shareholders. The bank will also perform a fusion of action, the so-called “reverse stock split” to reverse the dilution effect caused by capital increases of recent years. If you have shares of BCP, you can stay here to know how many titles will be if this transaction is approved at the GA. Or watch the video to explain the proposals from the bank.
What is the BCP to propose to the shares and shareholders?
BPI also fell uncertainty in the negotiations . Tuesday was the first session after the release of CaixaBank to give account impasse in negotiations with Isabel dos Santos for the Banif control. The talks are continuing, but the uncertainty has passed a bill to shares with the securities retreated 6.7% to 1,204 euros in the closing of the session, after being losing 7.8%. It is recalled that the BPI has until April 10 to reduce its exposure to Angola in nearly three billion euros. Otherwise, incurs a fine of daily ECB of 162,000 euros from that date.
Dismissal collective advances in the New Bank . Besides Banif also the New Bank passed the Parliament. Rather the CEO, Stock da Cunha, who was explaining the redundancies in the bank. And he clarified that the collective dismissal in the institution will cover about 150 workers as it expects 350 accept out by friendly terminations. The official recalled that, according to the restructuring plan agreed between the Portuguese authorities and the European Commission, the new bank has to reduce by 1,000 people the number of staff and cut by EUR 150 million operating costs.
Reform Plan brings money to capitalize companies . Economic day was marked by the bank. But there was also political, with Antonio Costa to present the six pillars of the National Reform Programme, a document that will have to be delivered in Brussels. Especially the plan to support the recapitalization of 9300 companies, with an increase of capital of 2.78 billion euros. It is also intended to help discriminate negatively the use of capital, such as interest on loans, can now be deducted for tax purposes. The Government also announced its intention to rehabilitate 4,000 buildings along the legistatura. The money comes from Portugal 2020 (10.500 million euros) and Juncker Plan (2,000 million). António Costa called “stability” policy to put the reform plan on the ground.
Budget enter into force before the day of the lies . After the rapid promulgation by the President, announced on Monday, Prime Minister António Costa announced Tuesday that the state budget for 2016 will take effect as of tomorrow, Wednesday, April 30. Two days before of April 1, the day of lies, Marcelo and the Government wanted to allegedly avoid.
Government Partner breaks Dilma . The PMDB party ally of the PT in the government of Dilma Rousseff, announced its departure from the coalition. The official departure was advanced by the newspaper O Globo. The end of the coalition in Brazil could hasten the departure of the President, Dilma Rousseff, who faces an impeachment. The PMDB – led by Michel Temer, vice president of the country – held so far seven folders in the Government, namely Tourism, Energy and Health
Yellen urges caution in the rise in interest rates . . The US Federal Reserve raised the benchmark interest rate in December, the first time in nearly a decade. Three months later, several officials of the central bank has defended new upward revisions. But Janet Yellen advises caution, given the global context. “I consider it appropriate that the Committee [Federal Open Market, or FOMC] proceed cautiously in the adjustment of monetary policy,” argued Janet Yellen this Tuesday, March 29, at a forum in New York. US stocks rose after these statements.
No comments:
Post a Comment