“Novo Banco, the government and the Bank of Portugal have not safeguarded the public interest. Taxpayers could end up having to pay another 1.6 billion” to ‘save’ this bank that was meant to have ...

On the day Novo Banco revealed its new logo, Internet hackers connected with the Anonymous movement splashed hundreds of email addresses from the bank across its facebook page. Under the slogan “We’re ...

The Bank of Portugal, having relaunched the sale of Novo Banco after plugging a hole in the bank’s finances by transferring €2 billion in bonds into the black hole of BES, has left open legal avenues ...

Portugal's central bank misses its deadline to sell Novo Banco, a bank created after the collapse of one of the country's second-biggest lender.

Portugal's central bank misses its deadline to sell Novo Banco, a bank created after the collapse of one of the country's second-biggest lender.

In a statement sent to the Portuguese Securities Market Commission (CMVM), Novo Banco, S.A announces that “its majority shareholder, Nani Holdings S.à r.l. (an entity owned by Lone Star Funds), has ...

Novo Banco, which was created after the dissolution of Banco Espírito Santo (BES), this week notified the Stock Exchange Regulator (CMVM) that it had generated losses of just under 500 million euros ...

US-based Lone Star is the leading candidate to buy Novo Banco, the bank carved out of collapsed Banco Espirito Santo, Portugal's central bank said in a sta... Friday, 7 February 2025.

U.S. private equity firm Lone Star has told the Portuguese government that it is likely to sell a 25-30% stake in Novo Banco via an initial public offering, rather than seek a full sale, Finance ...

Novo Banco is Portugal’s fourth-biggest lender. It posted its first profit in 2021 and its net interest income climbed as central banks raised interest rates.

Yet the problem is not going away for Portugal – or for Europe. Legal challenges by the Novo Note Group and others are still ongoing, and new legal action is set to be launched over the unlawful ...

LISBON (Reuters) -Novo Banco, Portugal's fourth-largest lender, reported a record net profit of 744.6 million euros ($804 million) on Thursday, ahead of a planned initial public offering, and said it ...