Bank of Portugal hires Deutsche Bank as âfinancial colossus stumblesâ
With the financial world reverberating with fears over the health of Germanyâs 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 nationâs multiple banking crises, Governor of the Bank of Portugal Carlos Costa has been talking of schizophrenia – but not
âRobbedâ Novo Banco bond holders speak out, warning âsuicides could followâ
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 âcleansâ Novo Bancoâs accounts to the tune of âŹ1.985 billion
In a move that has been described as âpurely an accounting measureâ, the Bank of Portugal has just transferred âŹ1.985 billion in what is termed âbest quality debtâ from good
Minister of Transport to lead the sale of Novo Banco
SĂ©rgio Monteiro – the government minister behind the trouble-torn TAP privatisation – is being moved from his post to oversee the sale of Novo Banco, PĂșblico reveals today. Monteiro –
Novo Banco management team forced to take 20% salary cut
Their lack of success in selling âgood bankâ Novo Banco for the right price at the right time has seen CEO Eduardo Stock da Cunhaâs management team all forced to
âIndignant Ă©migrĂ©sâ claim Novo Banco is keeping them in the dark
Out of the movement of the âindignantâ comes MEL, the movement of damaged Ă©migrĂ©s, 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 nationâs 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 âthe indignantâ as likelihood of Novo Banco âPlan Bâ increases
Progress in the convoluted âsaleâ 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 âcould push deficit to 7%â
Portugalâs coalition government is âholding its breathâ as the Bank of Portugal fails spectacularly to offload âgood bankâ Novo Banco to the highest bidder. The problem, explains DiĂĄrio de NotĂcias