Novo Banco wants another billion euro cash injection for ‘recapitalisation’
Novo Banco – the good bank that rose from the toxic ashes of BES – has put in a request for another billion euro cash-injection. The money will come from
Government to inject €1.4 billion into Novo Banco
The government is looking at ways to speed up the last phase of a recapitalisation process of a bank that was created from the ashes of Banco Espírito Santo which
American fund Lone Star will keep Novo Banco until 2021
American vulture fund Lone Star, which owns Novo Banco, says it has no plans to sell it before 2021. The fund, which owns 75% of Novo Banco, says it will
Novo Banco ‘disappoints’ – yet again! More State millions needed …
Novo Banco, the ‘good bank’ created out of BES toxicity has failed to fly, or even hobble. Out of the blue, at the end of business on Friday, the bank
BES-fleeced emigrés say government “trying to wriggle out of solution” for 150 million euro losses
Over five years since the collapse of BES, 1,500 Portuguese emigrés who lost fortunes are still waiting for a solution. These are not the victims of BES’ ‘commercial paper’ scam.
Novo Banco “expects to ask Resolution Fund for another €540 million”
Novo Banco – the ‘good bank’ that has declared nothing but losses since its inception – is said to be ‘expecting’ to ask the Resolution Fund for another €540 million.
Emigrés hit by BES collapse sign up ‘massively’ to Novo Banco proposal
Faced with the so-called ‘good bank’ in the throws of uncertainty, Portuguese emigrés who ‘lost’ their lifesavings in the collapse of BES three years ago have finally signed up “massively”
Novo Banco “loses €1.4 million per day” as Lone Star deal remains unsigned
With the Lone Star ‘deal’ over Novo Banco still to be ratified click here, the situation at the ‘good bank’ is going from bad to worse. According to reports, daily
Portugal’s private banks lose €1.4 million every day
With Lisbon’s institute of management and economy (ISEG) finally predicting growth within the Portuguese economy, albeit slow, the country’s private banks are showing the opposite tendency once again registering millionaire
Novo Banco “won’t get any more State aid”, says PM
In an announcement that may see multiple account holders considering their options, prime minister António Costa is reported to have “informed the European Commission” that the government is against ploughing