Infrastructure boss named new president of Novo Banco
Infrastructure boss AntĂłnio Ramalho will take over as the new president of âgood bankâ Novo Banco on August 1, the Bank of Portugal (BP) has confirmed. The news comes at
Novo Bancoâs strong-arm âdismissalsâ 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 âamicable dismissalsâ 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 âgood
Novo Bancoâs âwhite knightâ 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
âAmicable terminationsâ are being âenforcedâ at Portugalâs âgood bankâ Novo Banco
The harsh reality of Novo Bancoâs âamicable terminationâ of staff contracts has prompted questions in parliament and more controversy over how âgoodâ Portugalâs âgood bankâ Novo Banco really is. If
Novo Banco ârisks losing 838 million in Angolaâ while IMF censures polemic bond dump
In another black week for Novo Banco – the so-called âgood bankâ that Portugal desperately needs to sell – media reports have exposed a catastrophic âmistakeâ that saw thousands of
Roadshows cross the Atlantic to sell Novo Banco and Lisbonâs 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 Lisbonâs prime coastal-stretch, dubbed
Novo Banco posts historic losses of almost âŹ1 billion
Less than a year after presenting losses of âŹ468 million – but vowing Novo Banco would be making a profit by 2016 (click here), the troubled bankâs president has posted
âChaosâ 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 âchaosâ decision over Novo Banco bond dump
It could âlight the touch paper on chaosâ and has thus seen international bankers delay their decision over the controversial Novo Banco bond dump for another four days. ISDA, the