“No white smoke” at midnight as Novo Banco sale remains shrouded in uncertainty
D-Day for the sale of Novo Banco came and went yesterday, with no-one any the wiser as to what has happened. “Market in the dark over winner of Novo Banco”,
D-day today for Novo Banco sale
For better or worse, the Bank of Portugal has to decide by midnight tonight on negotiations it has been having over the sale of Novo Banco. Always intended to be
Bank of Portugal requests “more time” to mount defence as crowds of “the indignant” hurl eggs at windows
With the nation’s media forever featuring photos of the governor of the Bank of Portugal Carlos Costa with eyes closed and pursed mouth resting on clasped hands, news today is
New legal moves to block sale of Novo Banco
As the Bank of Portugal tries to “conclude the sale of Novo Banco in the next three weeks”, a new “providência cautelar” has appeared, in yet another attempt to try
Novo Banco goes Chinese
It’s not 100% certain that they will end up buying it, but for now the Bank of Portugal is in final negotiations over the sale of Novo Banco with Chinese
Novo Banco loses key battle over “missing” €835 million
On the same day that final bids for its long-awaited sale are due, Novo Banco has heard that it has lost a key battle that effectively reduces its value even
Novo Banco drops CR7’s advertising contract “to save money”
Portuguese football star Cristiano Ronaldo will no longer be starring in commercials for Novo Banco, saving the institution that morphed from the ashes of BES €750,000 a pop. The decision,
Novo Banco faces up to bid by “great vampire squid” to win back €835 million
Battle lines are being drawn up in the fight launched by investment bankers Goldman Sachs to wrestle back €835 million loaned to an offshoot of BES weeks before the private
Dramatic scenes as ruined BES investors try to storm Passos Coelho’s official residence in São Bento
Lisbon was once again the scene of violent protests today as ruined former BES investors took their rage onto the streets. Police were called and in the escalating chaos at
Chinese set to take-over Novo Banco and put Portugal on whole new investment level
With the Chinese tipped to “scoop” Novo Banco from other bidders in the race, national media is today predicting that the deal will put Portugal on a whole new level