FRANKFURT, Oct 10 - Portugal's Novo Banco, created from the bailout of Banco Espirito Santo, will not be part of the European Central Bank's bank health checks, the ECB said on Friday.
MADRID - Portugal has begun sounding out Spanish banks on their interest in buying Novo Banco, the successor to the state-rescued Banco Espirito Santo (BES), several sources familiar with the talks said on Tuesday.
FRANKFURT - Car sales in Europe rose 1.8 percent in August with volume makers Volkswagen , Ford and Opel benefiting from improved demand in Spain, Portugal and Ireland, while premium makers lost ground due to a drop in sales in Germany.
LISBON, Sept 16 - Portugal's Novo Banco, the successor to Banco Espirito Santo (BES) after a state rescue, will likely attract bids from foreign banks, a partner at U.S. investment bank Goldman Sachs said on Tuesday.
BRUSSELS - European Union state aid regulators expect Portugal to sell Novo Banco, the successor to troubled Banco Espirito Santo (BES) , in line with a pledge made in return for regulatory approval of its 4.9-billion-euro state bailout.
LISBON - The Bank of Portugal on Sunday picked a new chief executive for Novo Banco, successor to Banco Espirito Santo (BES), following the embarrassing resignation of its three top managers appointed only two months ago.
LISBON - The rebuilding of Portugal's Novo Banco - the successor to Banco Espirito Santo (BES) after a state rescue last month - was dealt a blow on Saturday with the resignation of the three men handpicked by the central bank in July to turn BES round.
ATHENS, Sept 9 - Portugal is confident it will meet the fiscal targets it has set for this year and will stay on a course of reforms to make its economy stronger, Prime Minister Pedro Passos Coelho said on Tuesday.
(Recasts to add approval by Oi shareholders, share performance)
* German 5-yr debt sale hurt by shrinking yields, Ukraine (Updates prices into close)
BAGHDAD - In recent weeks, the world has watched the battle to save Syria’s border town of Kobani from Islamic State. But the radical jihadists have for longer been engulfing another strategically more vital target - Iraq’s western Anbar province and its road to Baghdad.