The Irish Times

Irish executive Mark Bourke named CEO at Portugal’s Novo Banco

Former AIB chief financial officer held similar role in Novo Banco for past three years

Fri May 06 2022 - 06:00

Pandemic exposes cracks in Portugal’s left-wing pact

‘Odd contraption’ that keeps minority government in power under serious strain

Sat Dec 26 2020 - 01:00

Former AIB CFO plans €800m Portuguese assets and loans sale

Mark Bourke took over as finance head at Novo Banco earlier this year

Tue Aug 06 2019 - 02:35

Portugal dominated Angola for centuries. Now the roles are reversed

Mega-rich members of Angola’s ruling class are buying up Portuguese wineries, newspapers and banks

Mon Aug 28 2017 - 13:08

Lisbon reverses property fortunes to become investor hot spot

A measured approach to regeneration folowing the property crash, and an increase in small one-off redevelopment projects is making Lisbon attractive to outside investment

Thu Aug 10 2017 - 05:00

Sports Direct owner Mike Ashley wins £15m pub deal case

The court case has been an unwelcome distraction for Mr Ashley

Wed Jul 26 2017 - 11:31

Portugal central bank picks Lone Star as top candidate to buy Novo Banco

Portuguese government unlikely to recoup €3.9bn it pumped into collapsed bank in 2014

Thu Jan 05 2017 - 11:54

Portugal imposes almost €2bn in losses on Novo bondholders

Novo Banco emerged from the break-up of Banco Espirito Santo last year

Wed Dec 30 2015 - 14:07

Novo Banco set to fall into Chinese hands for more than €4bn

Anbang Insurance and Fosun International compete to acquire Portuguese bank

Tue Jun 02 2015 - 01:00

Portugal Telecom investigation follows ‘inexplicable’ investment

Police involved as allegations of fraud are made against the phone company

Mon Jan 12 2015 - 01:00

Interest shown by 17 potential buyers in Novo Banco

Bank of Portugal announces number following deadline for entering sale process

Thu Jan 01 2015 - 21:19

Hedge funds challenge BES bailout decision

Investors have already filed a legal challenge against the Portuguese central bank

Mon Dec 15 2014 - 01:00

Bank stress test results to be released on October 26th

Frankfurt hopes the tests will banish fears about the health of Europe’s banking system

Fri Oct 10 2014 - 14:52

Funding risks remain for several euro zone banks -S&P

Assessment of funding and liquidity found it was a weakness for the credit ratings at seven banks

Tue Sept 16 2014 - 14:37

Goldman Sachs faces significant loss on $835m Banco loan

KPMG refuses to approve BES accounts, warns of further loss

Mon Sept 01 2014 - 22:10

Asia stocks slip as China service data sours mood

Regional shares hit by unexpected weakness in China services PMI as Wall Street gains

Tue Aug 05 2014 - 10:33

Profits almost wiped out at Credit Agricole

Third-largest French bank suffers due its holding in Portugal’s bailed-out Banco Espirito Santo

Tue Aug 05 2014 - 09:57

Portugal’s turn to play ‘good bank, bad bank’

Banco Espírito Santo’s woes a reminder of the worst of the financial crisis

Tue Aug 05 2014 - 01:10

European equities led lower by Swiss stocks

Declines for Nestlé and Novartis cancel out positive reaction to Portugal bank bailout

Tue Aug 05 2014 - 01:00

Espírito Santo split into ‘good’ and ‘bad’ banks in €4.9bn rescue

Central bank leaves shareholders and junior bondholders holding only toxic assets

Tue Aug 05 2014 - 01:00

Juncker plays down prospect of full write-off for Greece

New European Commission president praises Greece as example to Argentina

Mon Aug 04 2014 - 18:35

Portugal spends €4.9bn to rescue its biggest bank

Junior bondholders and shareholders to bear losses from the Banco Espirito Santo

Mon Aug 04 2014 - 15:44

Investors cheer Portuguese bank rescue

Lisbon announces €4.9bn rescue of Portugal’s largest listed bank Banco Espirito Santo

Mon Aug 04 2014 - 11:26

Portugal uses EU bailout money in €4.9bn rescue of Espirito Santo bank

Troubled lender will be shut down, and its healthy businesses transferred to a new bank

Mon Aug 04 2014 - 10:55

Portugal to rescue BES using remaining bailout money

Banco Espirito Santo is expected to be split into “bad” and “good” banks

Mon Aug 04 2014 - 01:00

Former Banco Espírito Santo chief executive arrested

Prosecutors say Salgado detained in connection with money laundering and tax evasion

Thu Jul 24 2014 - 13:27

Ukraine violence weighs on global markets

Late afternoon sell-off sees Bank of Ireland shares fall more than 4%

Tue Jul 22 2014 - 01:00

Markets lifted by gains for mining, bank and tech stocks

Time Warner surges on news of takeover interest from 21st Century Fox

Wed Jul 16 2014 - 22:09

Markets retreat on fresh Espirito fears

Trade mixed in Dublin with Ryanair down, despite its new app, and Paddy Power up

Wed Jul 16 2014 - 01:00

Bonds sink after forced sale of Banco Espirito Santo stake

Nomura Holdings threaten to seek immediate repayment of €100m

Mon Jul 14 2014 - 21:59

European shares rise, boosted by Shire bid

Shire said it was ready to recommend a new £31 billion takeover offer from AbbVie

Mon Jul 14 2014 - 09:50

Portuguese bank urged to replace top team quickly

Banco Espirito Santo’s executive committee should be replaced ‘as soon as possible’

Mon Jul 14 2014 - 01:00

Portugal tries to reassure bank customers

Trading in Banco Espírito Santo shares suspended after fall of 17% on Thursday

Sat Jul 12 2014 - 01:00

European stocks halt five days of losses

Equity markets in London, Frankfurt and Paris nudge upwards as Portugal fear recedes

Fri Jul 11 2014 - 21:37