NovoBanco

Portugal Launches Investigation into Large Cash Deposit Connected to Ex-Novo Banco Official

3 months ago

In a significant development, Portuguese authorities have initiated an investigation into a former official of Novo Banco regarding a substantial cash deposit at one of the country's major banks. This investigation raises critical questions about financial accountability and regulatory oversight within Portugal's banking sector.

Shock at Novo Banco: Chief Risk Officer Dismissed Amidst Suspicious Transaction Claims

3 months ago

In a surprising move that has sent ripples through the financial sector, Novo Banco has terminated the employment of its Chief Risk Officer (CRO), a decision sparked by a burgeoning investigation into alleged suspicious transactions within the institution. The banking giant's decision has not only raised eyebrows but has also prompted questions about the internal governance and compliance measures that are supposed to safeguard against such activities.

Santander Faces Capital Constraints as M&A Prospects Dim, Analysts Warn

4 months ago

Recent evaluations have illustrated that Banco Santander, one of Europe's largest banks, is encountering significant limitations regarding its capacity for mergers and acquisitions (M&A). A prominent analysis from Alantra suggests that the financial institution currently lacks the necessary capital to pursue substantial targets, including the potential acquisition of Novo Banco.