Novo Banco

Former AIB finance chief advances plan to float Portuguese bank

Mark Bourke says shareholders agree ‘overcapitalised’ Novo Banco should no longer be barred from paying dividends

Thu Aug 01 2024 - 17:29

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

2019 sees Brexit deliver new banking giant as domestic lenders quiver

Tracker scandal rumbles on as domestic banks move to sell off problem mortgage portfolios

Fri Dec 27 2019 - 05:24

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

Bankers must prove culture has changed before pay cap goes

Report by consultants recommending changes given to Minister a month ago

Wed Jul 24 2019 - 14:22

Bank of Ireland’s company secretary to retire in August

Cantillon: Helen Nolan to be replaced by AIB’s Sarah McLaughlin

Thu Jun 13 2019 - 02:45

AIB may cut jobs as bad loans levels ‘normalise’

Bank would need to set aside provision of as much as €163m in event of no-deal Brexit

Fri Mar 01 2019 - 09:43

AIB picks Galvin as finance chief as hike in dividend planned

Donal Galvin has been chosen to replace Mark Bourke, who is departing AIB to join Portuguese lender Novo Banco

Tue Feb 19 2019 - 05:30

AIB conducts internal CFO search as Donal Galvin tipped

Bank will select new chief financial officer ahead of annual results on March 1st, say sources

Thu Jan 31 2019 - 10:03

New AIB chief has long road to travel before raising bonus issue

Colin Hunt must first find new financial officer and deal with concerns over interest rates

Tue Dec 18 2018 - 05:50

AIB names Colin Hunt as new chief executive

Government-commissioned report seen calling for bankers pay boost

Fri Dec 14 2018 - 18:21

Irish bank chiefs at lower end of pay scale among European peers

Permanent TSB chief Jeremy Masding registers as lowest paid

Wed Dec 05 2018 - 02:45

Questions raised over AIB €1.1bn problem loans sale to Cerberus

Bank denies it used accounting arrangement to boost profits artificially

Mon Nov 05 2018 - 06:55

Bank union lukewarm on lifting executive pay restraints

Call for rank-and-file staff to be rewarded ahead of top bankers

Mon Oct 29 2018 - 05:11

Stocks head for longest weekly losing streak since 2013

AIB shares drop 10% on resignation of CEO Bernard Byrne, but pull back before close

Fri Oct 26 2018 - 18:20

Has the State missed the boat on cashing in on AIB?

Analysts agree that timing a share sale is far from straightforward

Thu Oct 25 2018 - 11:24

AIB boss Bernard Byrne: ‘The economy is looking pretty good at this stage’

Bank chief talks mortgage rates, share sales and executive bonuses

Thu Oct 18 2018 - 17:15

Bono jumps on whiskey bandwagon as Tetrach eyes €400m floatation

Seen and heard: Nama to sell John Player site as Marlet to build 1,000 units in Tallaght

Sun Sept 16 2018 - 13:39

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

Eurozone bank coco bonds extend slide

Prices for the riskiest bonds sold by some of Europe’s largest banks plumb new lows

Tue Feb 09 2016 - 07:32

AIB offers better savings rate to German consumers

State-owned bank is targeting the German market through an online start-up

Tue Jan 19 2016 - 01:00

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

Portugal’s antitrust watchdog accuses 15 banks of loans cartel

Newspaper said the country’s leading banks had been notified by the regulator of its accusations

Fri Jun 05 2015 - 20:31

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

Shares in Spain’s Santander tumble 10% after discount issue

Euro zone’s biggest bank announces quick-fire share sale of 1.2 billion shares

Fri Jan 09 2015 - 09:02

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

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

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