Brussels, 24/07/2013 (Agence Europe) - On Wednesday 24 July, the European Commission gave the go-ahead to the restructuring plans of two Portuguese banks, Caixa Geral de Depositos (CGD) and Banco BPI (BPI) and agreed with the Portuguese government on the plan for Banco Comercial Português (BCP), which it will decide upon in the next few weeks.
According to the restructuring plans and agreement, the three banks will improve the profitability of their domestic operations, in particular by...