CaixaBank has agreed to acquire a 8.4% stake of Banco BPI’s capital stock from the Allianz Group for a total amount of €178m. The purchase, which corresponds to a price of €1.45 per share, raises the share capital that CaixaBank owns from Banco BPI to 92.935%. The Spanish bank has also announced its plans to […]
Moody’s Investors Service has downgraded the senior debt and deposit ratings of nine Portuguese banks and downgraded the standalone ratings of six institutions, citing concerns about their financial strength.
The Fitch Ratings agency has downgraded six Portuguese banks’ viability ratings amidst deepening uncertainty caused by the eurozone crisis.