Results for Portugal
- 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
- Portugal's Loss-Making Novo Banco Seeks Swift Recovery
Portugal's Novo Banco, the bank carved out of Banco Espirito Santo after a state rescue last year, expects to sharply reduce its loss this year and return to profits in 2016, emboldened by recovering deposits and improving liquidity. Novo Banco, whi ...
Daily Headline - global.abi.org - 03/09/2015 - 20:21 - 0 comments
- Audit Confirms BES Breached Bank Of Portugal's Orders On Exposure
Banco Espirito Santo (BES) breached the Bank of Portugal's orders by increasing exposure to its founding family's collapsing businesses in the months before the state rescued the bank last August, a forensic audit report showed. The central ban ...
Daily Headline - global.abi.org - 03/05/2015 - 22:25 - 0 comments
- Portugal Plans To Make An Early Payment On IMF Loans
Portugal plans to make an early payment of about €14 billion of its bailout loans from the International Monetary Fund after borrowing costs dropped, prime minister Pedro Passos Coelho said, the Irish Times reported. “The market conditions that Portu ...
Daily Headline - global.abi.org - 02/23/2015 - 00:25 - 0 comments