Banco de Portugal

Type: Company
Name: Banco de Portugal
First reported 17 hours ago - Updated 43 mins ago - 5 reports

KPMG refuses to approve BES accounts

Auditor KPMG has refused to approve bailed-out Banco Espirito Santo's first-half report and accounts, published today.The auditors cited the bank's failure to provide adequate information on its financial position and also warned of possible further ... [Published RTE Online - 43 mins ago]
First reported Aug 29 2014 - Updated Aug 29 2014 - 1 reports

NOS building evacuated over bomb hoax

PSP police evacuated the Lisbon offices of telecommunications operator NOS yesterday after receiving an anonymous email saying a bomb would go off at 2pm.The building was sealed off for four hours from midday as security personnel swept it from top to ... [Published Portugal Resident - Aug 29 2014]
First reported Aug 28 2014 - Updated Aug 28 2014 - 1 reports

Barroso son gets job with Bank of Portugal ‘without competition’

Luís Durão Barroso, son of Commission President is José Manuel Durão Barroso, has landed a top job at the struggling Bank of Portugal without competition, the Portuguese press writes.Reportedly, the 31-year old formally was taken on without having to ... [Published EurActiv.com - Aug 28 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

Troika to revisit and review Portugal's progress

The Troika will be back in Portugal in October to review the 2015 State Budget.This is the first time funding team will have visited Lisbon since they left at the end of the bailout programme, this time it is for a spot of ‘post-adjustment programme ... [Published Algarve Daily News - Aug 26 2014]
First reported Aug 25 2014 - Updated Aug 26 2014 - 1 reports

Hackers target Novo Banco and Bank of Portugal

On the day Novo Banco revealed its new logo, Internet hackers connected with the Anonymous movement splashed hundreds of email addresses from the bank across its facebook page.Under the slogan “We’re not paying for any more banks”, the cyber pirates’ ... [Published Portugal Resident - Aug 25 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

Entity not authorised to grant credit, nor to conduct any other financial activity in the Portuguese territory

1. Lending, as envisaged in Article 4 (1) (b) of the Legal Framework of Credit Institutions and Financial Companies (approved by Decree-Law No 298/92 of 31 December 1992), may only be performed by authorised undertakings, as laid down in Article 10 of ... [Published Noodls - Aug 26 2014]
First reported Aug 26 2014 - Updated Aug 26 2014 - 1 reports

Private debt falls 20 billion euros

New data shows the level of private debt has dropped a staggering €20 billion in four years.Even so, each Portuguese family owes an average of €40,000, claims economist Eugénio Rosa.Citing the fall in private debt as a direct result of the economic crisis, ... [Published Portugal Resident - Aug 26 2014]
First reported Aug 12 2014 - Updated Aug 13 2014 - 3 reports

MOZAMBIQUE’S MOZA BANCO SITUATED IN ASSETS OF PORTUGAL’S NOVO BANCO

( 2014-08-13 ) Portugal’s Novo Banco, comprising the non-problematic assets of Banco Espírito Santo (BES), announced that its participation in Mozambique’s Moza Banco will remain in the institution, indicates information released over the weekend in ... [Published Club of Mozambique - Aug 13 2014]
First reported Aug 05 2014 - Updated Aug 05 2014 - 4 reports

News Analysis: Uncertainty remains after Portugal's bailout for ailing BES bank

Contributed by NAMPA / Xinhua.by Marina Watson PelaezLISBON, Aug. 5 (Xinhua) -- Portugal's decision to bailout the country's largest private bank Banco Espirito Santo (BES) are widely welcomed, but there is uncertainty regarding the extent to which the ... [Published Namibia Press Agency - Aug 05 2014]
First reported Aug 04 2014 - Updated Aug 05 2014 - 18 reports

Portugal bank tests faith

LISBON, Portugal — A new Portuguese bank appeared Monday, born from the ruins of a collapsed business empire, and declared on its website that it was now “stronger and safer.”Investors rattled by the eurozone’s latest financial drama will, however, need ... [Published Pueblo Chieftain Online - Aug 05 2014]
First reported Aug 03 2014 - Updated Aug 04 2014 - 11 reports

Portugal to bail out bank in 4.9-bln-euro rescue plan

LISBON, Aug. 3 (Xinhua) -- Portugal will bail out the country's largest private bank, Banco Espirito Santo (BES), with a 4.9-billion-euro (6.6 billion U.S. dollars) rescue plan after its shares plummeted last week, Bank of Portugal Governor Carlos Costa ... [Published Xinhua News Agency - Aug 04 2014]
First reported Aug 04 2014 - Updated Aug 04 2014 - 5 reports

Portugal to inject capital into BES bank

(56 mins ago)Portugal will inject 4.4 billion euros into the crisis-hit Banco Espirito Santo (BES), central bank governor Carlos Costa announced late Sunday, amid fears of a catastrophic bank run.The country's third-largest banking group will be split ... [Published Hong Kong Standard - Aug 04 2014]

Quotes

The accounting firm said that "the classification, recoverability and realisation of assets as well as repayment of its debts registered in the financial results as of June 30 is uncertain."
3. As regards potential job offers announced by this entity, please see the press release released by Banco de Portugal on 7 November 2007, entitled "Warning on proposals for the use of bank accounts to transfer funds that may derive from illicit activities" , available at:

More Content

All (348) | News (313) | Reports (0) | Blogs (31) | Audio/Video (1) | Fact Sheets (1) | Press Releases (0)
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KPMG refuses to approve BES accounts [Published RTE Online - 43 mins ago]
KPMG refuses to approve BES accounts, warns of ... [Published NewsRT.co.uk - 3 hours ago]
KPMG Refuses To Approve BES Accounts, Warns Of ... [Published Clusterstock - 3 hours ago]
KPMG refuses to approve BES accounts, warns of ... [Published Sharenet - 3 hours ago]
Bank of Portugal and KPMG – all is not well [Published Algarve Daily News - 17 hours ago]
Splunk Up on Earnings Beat, New Customers: Good... [Published FOXBusiness.com - Aug 29 2014]
NOS building evacuated over bomb hoax [Published Portugal Resident - Aug 29 2014]
CaixaBI: Portugal’s return to capital markets i... [Published World Finance - Aug 29 2014]
The billion-dollar fall of the house of Espirit... [Published Sharenet - Aug 29 2014]
Barroso son gets job with Bank of Portugal ‘wit... [Published EurActiv.com - Aug 28 2014]
Espírito Santo Bank Inks Deal with Fig Partners... [Published Funds Society - Aug 27 2014]
Baupost Group Exits Banco Espirito Santo Invest... [Published Value Walk - Aug 27 2014]
Bondholders challenge sale of Espirito Santo's ... [Published Reuters - Aug 27 2014]
Espirito Santo Bondholders Question Insurer Tra... [Published Washington Post - Aug 27 2014]
Troika to revisit and review Portugal's progress [Published Algarve Daily News - Aug 26 2014]
Entity not authorised to grant credit, nor to c... [Published Noodls - Aug 26 2014]
Private debt falls 20 billion euros [Published Portugal Resident - Aug 26 2014]
Espirito Santo clan in 11th-hour borrowing spree [Published CNBC - Aug 26 2014]
Águas de Portugal website hacked [Published Algarve Daily News - Aug 25 2014]
Hackers target Novo Banco and Bank of Portugal [Published Portugal Resident - Aug 25 2014]
Exclusive - Portugal's Espirito Santo clan in 1... [Published Reuters UK - Aug 25 2014]
Novo Banco embarks on “butterfly” publicity cam... [Published Portugal Resident - Aug 24 2014]
Portugal's opposition blames public debt burden... [Published Individual.com - Aug 22 2014]
ECB Economists Find Benefits in ‘Fiscal Devalua... [Published WSJ.com: Real Time Economics - Aug 22 2014]
XINHUA - Portugal's public debt rises to 134 pc... [Published Namibia Press Agency - Aug 22 2014]
Portugal´s national debt rising rapidly [Published Algarve Daily News - Aug 21 2014]
New Bank, New Image [Published Algarve Daily News - Aug 21 2014]
Portugal's public debt rises to 134 pct of GDP ... [Published Individual.com - Aug 21 2014]
*Portuguese debt grows despite austerity measures [Published Saudi Press Agency - Aug 21 2014]
UPDATE 1-BES junior bondholders pick law firm o... [Published CNBC - Aug 21 2014]
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Blogs

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KPMG Refuses To Approve BES Accounts, Warns Of ... [Published Clusterstock - 3 hours ago]
LISBON (Reuters) - Auditor KPMG has refused to approve bailed-out Banco Espirito Santo's first-half report and accounts, published on Monday, citing the bank's failure to provide adequate information on its financial position and also warned of possible ...
ECB Economists Find Benefits in ‘Fiscal Devalua... [Published WSJ.com: Real Time Economics - Aug 22 2014]
One of the thorniest issues facing the euro zone is how members of the 18-country currency bloc can improve competitiveness and exports without having a national currency that can be devalued. In a paper published by the European Central Bank , ...
Euroland Train Wreck. [Published London Irvine Report - Aug 08 2014]
br />!--[if gte mso 9]><![endif]--> Baltic Dry Index. 765  +06 LIR Gold Target in 2019: $30,000.  Revised due to QE programs. In heaven, the police are British,The cooks are French,The engineers are GermanThe administrators are SwissAnd ...
Swapping Coal for Oil? [Published London Irvine Report - Aug 05 2014]
br />!--[if gte mso 9]><![endif]--> Baltic Dry Index. 753  +02 LIR Gold Target in 2019: $30,000.  Revised due to QE programs. “But it (the boom) could not last forever even if inflation and credit expansion were to go on endlessly. It ...
Another Glitch: Espirito Santo Junior Debt Plum... [Published Zero Hedge - Aug 04 2014]
Fearful of any impact to the Portuguese/European dream, EU commission leaders folded and bailed out Banco Espirito Santo. Bond and CDS traders are scrambling this morning to come to grips with the consequences of BES bail-out/bail-in . The $6.6 billion ...
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Audio/Video

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Portugal a contagion fear - or maybe not [Published Reuters Video: Business - Jul 11 2014]
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