Bloomberg Portuguese President Marcelo Rebelo de Sousa won re-election to a second five-year term, a sign of political stability as the country tries to contain the pandemic. Rebelo de Sousa, 72, took 61% of vote with 99.9% of the country’s voting districts reporting, according to the government’s election website. Portuguese presidents have usually served two terms. In Portugal, the prime ...

Bloomberg European banks probably failed to live up to US peers’ record fourth-quarter profits as they set aside more money for troubled loans and missed out on the rally in equities trading. Ten of Europe’s biggest lenders probably set aside $15 billion for doubtful credit in the fourth quarter, taking the year’s total to $61.5 billion, the highest since 2012, ...

Bloomberg HSBC Holdings Plc’s Chief Executive Officer (CEO) Noel Quinn is set to appear before the UK Parliament Foreign Affairs Committee to answer questions over the lender’s moves to freeze accounts of activists in Hong Kong, according to an exiled lawmaker. Quinn is listed as a participant, along with Colin Bell, the bank’s chief compliance officer, at private and public ...