Bank of Portugal blocks Novo Banco sale

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

incorporated in England and Wales (company number 15236213),

having its registered office at 4 Bouverie Street, London, UK, EC4Y 8AX

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Bank of Portugal blocks Novo Banco sale

Novo Banco Flickr 230x150

Portugal's central bank vetoed the sale of one of Novo Banco’s non-core business units on Wednesday, arguing it was protecting the rescued lender’s reputation as its own sale progresses.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article