Caixa Geral de Depósitos, S.A. (CGD) is a Portuguese state-owned banking corporation and one of the largest banks in Portugal. The Bank has a full line of personal banking products and services from checking and savings to loans and online banking. Total assets: EUR 123.5 billion (as of March 31, 2011). Net income: EUR 83.5 million (Q1 2011).
CGD's international presence spans 23 countries on 4 continents and the Group is particularly active in the economies of such emerging and developing countries as Lusophone Africa, Brazil and other Latin American countries, China and the Maghreb. With around 468 branches and 5 000 workers abroad Caixa is proud to be the Portuguese banking institution with the largest branch office network outside Portugal.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters