Alejandro McCormack, Raisin’s business developer manager for the Irish market: ‘Our ambition here over next year is to have more banks on the platform and I think we could get up to between 12 to 14 in that time.’

Irish lenders will inevitably start charging negative interest rates on deposits for retail customers, according to the head of the Irish unit of Germ(...)

“Those with deposits have reason to have every confidence in the security that Banco Espírito Santo offers their savings,” Portuguese prime minister  Pedro Passos Coelho said yesterday. Photograph: Reuters

Portugal’s prime minister Pedro Passos Coelho yesterday sought to calm customers of Banco Espírito Santo (BES) as the lender’s potential exposure to t(...)