Infrastructure boss named new president of Novo Banco
Infrastructure boss António Ramalho will take over as the new president of ‘good bank’ Novo Banco on August 1, the Bank of Portugal (BP) has confirmed. The news comes at
Novo Banco’s strong-arm ‘dismissals’ are illegal, says labour court
Novo Banco has ridden right into a new storm, with a Porto labour court saying its strong-arm tactics with staff who do not want to accept so-called ‘amicable dismissals’ are
Bank employee leaps nine storeys to his death after collective dismissal
The collateral damage of the BES bank collapse is back in the news today after one of the hundreds of bank workers laid off in collective dismissals from the ‘good
Novo Banco’s “white knight” to return to Lloyds of London
Hailed almost two years ago as the White Knight who could ensure a good sale for the good bank Novo Banco, banker Eduardo Stock da Cunha is returning to his
“Amicable terminations” are being “enforced” at Portugal’s “good bank” Novo Banco
The harsh reality of Novo Banco’s “amicable termination” of staff contracts has prompted questions in parliament and more controversy over how “good” Portugal’s “good bank” Novo Banco really is. If
Novo Banco “risks losing 838 million in Angola” while IMF censures polemic bond dump
In another black week for Novo Banco – the so-called “good bank” that Portugal desperately needs to sell – media reports have exposed a catastrophic ‘mistake’ that saw thousands of
Roadshows cross the Atlantic to sell Novo Banco and Lisbon’s South Bay
Ambitious roadshows to attract foreign investment are crossing the Atlantic this week in a bid to sell beleaguered Novo Banco as well as 900 hectares of Lisbon’s prime coastal-stretch, dubbed
Novo Banco posts historic losses of almost €1 billion
Less than a year after presenting losses of €468 million – but vowing Novo Banco would be making a profit by 2016 (click here), the troubled bank’s president has posted
“Chaos” averted as experts give Novo Banco bond dump the all-clear
Following tense meetings between international banks, a panel of three lawyers has unanimously agreed that the controversial Novo Banco bond dump, pushed through by the Bank of Portugal late last
International bankers delay “chaos” decision over Novo Banco bond dump
It could “light the touch paper on chaos” and has thus seen international bankers delay their decision over the controversial Novo Banco bond dump for another four days. ISDA, the