Fitch Affirms Banco Montepio at 'B-'; Negative Outlook

Fitch Affirms Banco Montepio at 'B-'; Negative Outlook

Fitch Ratings – Paris – 23 Oct 2020: Fitch Ratings has affirmed Caixa Economica Montepio Geral, Caixa economica bancaria, S.A.’s (Banco Montepio) Long-Term Issuer Default Rating (IDR) at ‘B-‘ and Viability Rating (VR) at ‘b-‘. The Outlook on the Long-Term …
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Furlough fraudsters 'may have stolen more than £3bn'

More than £3bn of furlough job protection money could have been stolen by criminal gangs and employers, the National Audit Office (NAO) has said. The spending watchdog said up to £2bn of taxpayer money may have gone to criminals using fake …
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Barclays beats profit forecasts as CEO Staley aims to stay on

LONDON (Reuters) – Barclays BARC.L on Friday reported stronger than expected third-quarter results thanks to a return to profit for the bank’s consumer businesses and Chief Executive Jes Staley said he aimed to stay on for two more years. FILE PHOTO: A …
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Flash eurozone PMI slips to four-month low in October

A key indicator for the eurozone economy fell to a four-month low in October, as increased restrictions due to a rise in coronavirus numbers hit the services sector. The flash eurozone composite purchasing managers index fell to 49.4 in October from 50.4 in …
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For JCB's a jolly good fellow – staff to get a day off as firm marks 75 years

In a special video message to the global workforce, JCB chairman Lord Bamford paid tribute to the efforts of employees past and present who have contributed to the success of JCB since it started in a lock-up garage in Uttoxeter, Staffordshire, on October 23, …
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