Novo Banco

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A man walks past an office of the Portuguese bank Novo Bank (New Bank) in Lisbon.

Portugal’s central bank has effectively imposed losses of nearly €2 billion on senior bondholders in Novo Banco, the ‘good bank’ that emerged in last (...)

Companies found guilty can face fines of up to 10 per cent of their business volume. Photograph: Mario Proenca/Bloomberg

Portugal’s antitrust regulator has accused 15 banks of unfair competition practices over an 11-year period in which they allegedly shared information (...)

The auction of the “good bank” created from the wreckage of Banco Espírito Santo has turned into a shootout between Anbang Insurance and Fosun International, two acquisitive Chinese rivals. Photograph: Hugo Correia/Reuters

Portugal’s Novo Banco is set to fall into Chinese hands in a more than €4 billion deal that would be the biggest European financial services acquisiti(...)

Portugal’s economy minister António Pires de Lima. Photograph: Patricia de Melo Moreira/AFP/Getty Images

Just over a year after Portugal Telecom announced a planned merger with Brazil’s Oi, which aimed to create a leading global brand, both firms have bec(...)

Shares in Spain’s Santander tumbled more than 10 percent on Friday after the bank sold €7.5 billion of new shares at a steep discount to improve its (...)

Lisbon, Portugal: the Lisbon-based central bank is not identifying interested entities at this stage. Photograph: Steven Governo/AP

The sale of Novo Banco, the lender that emerged from the breakup of Portugal’s Banco Espirito Santo, has drawn interest from 17 entities after firms i(...)

A group of investors who lost hundreds of millions of euro in the collapse of Banco Espírito Santo has filed a lawsuit challenging the European Commis(...)

Mario Draghi, president of the European Central Bank (ECB), arrives for a news conference.  Photographer: Alessia Pierdomenico/Bloomberg

The results of Europe’s most comprehensive review of banks’ health will be released on October 26th, the European Central Bank and the European Bankin(...)

Portugal’s Banco Espirito Santo was among a number of banks named in the S&P report as needing more liquidity and funding

Some euro zone banks have insufficient liquidity and several will continue to require support from the European Central Bank after long-term funding(...)

A cleaner cleans the windows of Portuguese bank Banco Espirito Santo (BES) headquarters in downtown Lisbon. Photograph: Hugo Correia/Reuters

Goldman Sachs made a $835 million loan to Banco Espírito Santo a month before Portugal’s largest listed lender by value was bailed out in a complic(...)

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