Subject: EU investment barriers
My Portuguese bank (Novobanco) said they could not offer any interest-bearing or investment options until I was a resident. Now that my residency card is issued and I'm a PT tax resident, they're saying they cannot offer anything but term deposits because I file a US tax return.

Is this a widespread issue for US expats, or is Novobanco just being very restrictive? Any suggestions for functional EU brokerages that would let me actually invest here?