Novo Banco

Portugal’s securities market regulatory body CMVM delivered the kind of opinion in parliament yesterday that will have delighted thousands of small investors caught-up in the devastating BES tsunami. “Novo Banco

Novo Banco is reported to be sending letters out to the hundreds of small investors caught out in the BES banking debacle, telling them that they have until the end

Six months after he was called in – presented as a shrewd banker with the brief to sell Novo Banco “in the best conditions possible, as a way of minimizing

Contrary to what Bank of Portugal boss Carlos Costa promised investors, there is “no legal obligation” for any of the money invested in bonds in Grupo Espírito Santo to be

When the Bank of Portugal announced the €4.9 billion bailout raised to “save” BES’ healthy assets from the toxic variety last August, critics railed at the potential folly of it

Novo Banco – the good bank salvaged from the BES financial debacle – is in the eye of a new €580 million storm as the Bank of Portugal has been

The “quick sale” of Novo Banco – designed to recover the massive €3.9 billion bailout ploughed into the bank that morphed from the ashes of scandal-torn BES – is unlikely

Novo Banco’s new white knight, Eduardo Stock da Cunha, is in good odour this week as a damage limitation exercise has seen him rake in €717 million from BES loans

After all the promises, it now seems certain that redundancies loom for employees of Novo Banco, the ‘good bank’ coming out of the BES scandal. In response to questions from