Results for Portugal
- China's Anbang In Talks To Buy Portugal's Novo Banco
The Bank of Portugal is in exclusive talks with China's Anbang Insurance Group Co on the sale of state-rescued Novo Banco, leaving two other bidders on the sidelines, sources said. Two sources close to the bidding process told Reuters China's F ...
Daily Headline - global.abi.org - 08/20/2015 - 18:40 - 0 comments
- Portugal Cautioned By IMF Over Debt Sustainability
Even if they had been compiled by his own spin-doctors, Portugal’s latest unemployment figures could hardly have been better for Pedro Passos Coelho, the country’s centre-right prime minister, the Financial Times reported. The last batch of labour ma ...
Daily Headline - global.abi.org - 08/09/2015 - 21:49 - 0 comments
- Crisis In Greece Overshadows Campaign In Portuguese Poll
A general election has been called in Portugal for October 4, the first of several national ballots in crisis-hit eurozone countries where images of Greeks queueing at ATMs are likely to influence the outcome, the Financial Times reported. The Portug ...
Daily Headline - global.abi.org - 07/23/2015 - 23:38 - 0 comments
- Portugal Gets 3 Binding Offers For State-Rescued Novo Banco
Three bidders have submitted binding offers for Novo Banco, the successor to Banco Espirito Santo after a state rescue last year, the Bank of Portugal said on Tuesday, without naming the institutions. A source close to Chinese group Fosun International t ...
Daily Headline - global.abi.org - 06/30/2015 - 22:18 - 0 comments
- Portugal Frets It Could Be Next As Grexit Fears Grow
In the eyes of international lenders, Portugal is a shining example of what Greece should have been: a bailed-out country that co-operates with its creditors, stoically enduring years of austerity to bring about reforms that gradually improve an ailing e ...
Daily Headline - global.abi.org - 06/23/2015 - 22:16 - 0 comments
- Portugal’s Antitrust Watchdog Accuses 15 Banks Of Loans Cartel
Portugal’s antitrust regulator has accused 15 banks of unfair competition practices over an 11-year period in which they allegedly shared information about loan products, the Irish Times reported on a Reuters story. The country’s competition authorit ...
Daily Headline - global.abi.org - 06/07/2015 - 22:06 - 0 comments
- Suddenly last Summer... The good bank/bad bank dichotomy in Portugal
From the rushed partial enactment of the EU directive to the untested application of a “resolution action”, Nuno Líbano Monteiro discusses the Good Bank/Bad Bank dichotomy as a supposed safeguard for the legitimate interests of customers. Att ...
Resource Article - abi_admin - 06/02/2015 - 13:17 - 0 comments - 1 attachment
- Spain and Portugal Can Cope With Grexit
If anyone was going to blink over Greece, one might think it would be Spain or Portugal—the two countries widely considered most at risk if Greece leaves the eurozone. Indeed, both saw a slight rise in their borrowing costs last week at a particularly bl ...
Daily Headline - global.abi.org - 05/03/2015 - 22:14 - 0 comments
- Espírito Santo Insolvency Receivers Put Art, Buildings Up for Sale
Art work and office buildings are being sold by bankruptcy receivers for the Espirito Santo group of companies that collapsed last year amid fraud allegations, The Wall Street Journal reported. The 36-story Espírito Santo Plaza in Miami went on the b ...
Daily Headline - global.abi.org - 04/16/2015 - 22:03 - 0 comments
- Former BES Chief Ricardo Salgado Dismisses Critical Audit Findings
Former Banco Espírito Santo SA Chief Executive Ricardo Salgado on Thursday dismissed findings from an audit conducted into the bank’s collapse that pointed the finger at his administration and accused the country’s central bank of leading a smear campaig ...
Daily Headline - global.abi.org - 03/19/2015 - 22:36 - 0 comments