Novo Banco wants another billion euro cash injection for ârecapitalisationâ
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 âŹ1.4 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 EspĂrito 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 âdisappointsâ – yet again! More State millions needed …
Novo Banco, the âgood bankâ 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 emigrĂ©s say government âtrying to wriggle out of solutionâ for 150 million euro losses
Over five years since the collapse of BES, 1,500 Portuguese emigrĂ©s who lost fortunes are still waiting for a solution. These are not the victims of BESâ âcommercial paperâ scam.
Novo Banco âexpects to ask Resolution Fund for another âŹ540 millionâ
Novo Banco – the âgood bankâ that has declared nothing but losses since its inception – is said to be âexpectingâ to ask the Resolution Fund for another âŹ540 million.
EmigrĂ©s hit by BES collapse sign up âmassivelyâ to Novo Banco proposal
Faced with the so-called âgood bankâ in the throws of uncertainty, Portuguese emigrĂ©s who âlostâ their lifesavings in the collapse of BES three years ago have finally signed up âmassivelyâ
Novo Banco âloses âŹ1.4 million per dayâ as Lone Star deal remains unsigned
With the Lone Star âdealâ over Novo Banco still to be ratified click here, the situation at the âgood bankâ is going from bad to worse. According to reports, daily
Portugalâs private banks lose âŹ1.4 million every day
With Lisbonâs institute of management and economy (ISEG) finally predicting growth within the Portuguese economy, albeit slow, the countryâs private banks are showing the opposite tendency once again registering millionaire
Novo Banco âwonât get any more State aidâ, says PM
In an announcement that may see multiple account holders considering their options, prime minister AntĂłnio Costa is reported to have âinformed the European Commissionâ that the government is against ploughing