Post Tagged with: "European Commission"

European Commission and Portugal to inject €5 billion into biggest and ailing bank Caixa Geral de Depositos (CGD)

August 25, 2016 9:00 pm
European Commission and Portugal to inject €5 billion into biggest and ailing bank Caixa Geral de Depositos (CGD)

The European Commission and Portugal have agreed to inject up to €5 billion into the country’s biggest and ailing bank Caixa Geral de Depositos (CGD). Portugal is preparing to bail out its biggest bank by assets Caixa Geral de Depositos (CGD) which is currently ailing due to bad loans. The […]

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