Novo Banco

The European Central Bank (ECB) has given the green light to the acquisition of Novobanco by the French financial group BPCE, according to news source Observador, paving the way for the operation [...]

A legal case brought by Portuguese bank BCP in 2017 against the architects of the model of sale for Novobanco to US equities fund Lone Star will continue in the courts despite the fact that [...]

Novobanco recorded a historic profit of €828 million last year, 11% more than the previous year. This performance was achieved despite the drop in margin, which was compensated with bank charges, [...]

Novo Banco has entered the cryptocurrency business, albeit not directly. Novo Banco’s trading platform has started to provide instruments that replicate the evolution of these products. [...]

Novo Banco has withheld about €1 billion from Venezuelan companies – money that was blocked to Venezuelan public companies in 2019, ​Expresso revealed this Friday.  Some €300 million has [...]

The European Commission approved the sale of Portugal’s Novobanco to the French banking group BPCE, the second largest banking group in France which will now be the sole shareholder of Portugal’s [...]

Portugal’s Public Ministry is investigating a number of real estate transactions made by Novobanco that may have left the Portuguese State out of pocket. At the centre of ‘Operation [...]

Portugal’s stock market commission, CMVM has issued a warning against FNBC – also known as Seven Bank – which is not qualified to carry out any activities as a financial intermediary [...]

Novobanco closed the first nine months of the year with net profits of €610 million, up €100 million on the same period in 2024. But the bank’s financial margins shrank by 6.5% to €829 million, [...]

When the Banco Espírito Santo (BES) led by Ricardo Salgado ignominiously collapsed in 2014, leaving its major French investor Crédit Agricole with nothing, few could have imagined that its [...]