Bank of Portugal hires Deutsche Bank as “financial colossus stumbles”
With the financial world reverberating with fears over the health of Germany’s banking colossus Deutsche Bank, news here is that the Bank of Portugal has hired the troubled institution to
Governor of Bank of Portugal talks of schizophrenia
The target of resounding criticism over his handling of the nation’s multiple banking crises, Governor of the Bank of Portugal Carlos Costa has been talking of schizophrenia – but not
“Robbed” Novo Banco bond holders speak out, warning “suicides could follow”
The association of senior bond-holders who have lost millions in the controversial Novo Banco bond dump has warned that suicides and situations of social hardship are set to follow. Despite
Bank of Portugal “cleans” Novo Banco’s accounts to the tune of €1.985 billion
In a move that has been described as “purely an accounting measure”, the Bank of Portugal has just transferred €1.985 billion in what is termed “best quality debt” from good
Minister of Transport to lead the sale of Novo Banco
Sérgio Monteiro – the government minister behind the trouble-torn TAP privatisation – is being moved from his post to oversee the sale of Novo Banco, Público reveals today. Monteiro –
Novo Banco management team forced to take 20% salary cut
Their lack of success in selling “good bank” Novo Banco for the right price at the right time has seen CEO Eduardo Stock da Cunha’s management team all forced to
“Indignant émigrés” claim Novo Banco is keeping them in the dark
Out of the movement of the “indignant” comes MEL, the movement of damaged émigrés, which claims Novo Banco – hours from the deadline for acceptance of its proposals – has
Beleaguered Bank of Portugal justifies Novo Banco sale fiasco
Vilified in the nation’s press for failing on his promise to sell Novo Banco quickly and to the highest bidder, governor of the Bank of Portugal Carlos Costa is doing
Fosun offers olive branch to “the indignant” as likelihood of Novo Banco “Plan B” increases
Progress in the convoluted “sale” of Novo Banco is not looking any less tortuous this morning as Portuguese newspapers claim latest potential buyer Fosun is not in any way prepared
Novo Banco sale chaos “could push deficit to 7%”
Portugal’s coalition government is “holding its breath” as the Bank of Portugal fails spectacularly to offload “good bank” Novo Banco to the highest bidder. The problem, explains Diário de Notícias