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Bank bankruptcy

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Novo Banco: more protests over lost assets

There have been more protests outside the offices of Portugal’s rescued bank, Novo Banco. Customers want savings lost when the bank was created from

There have been more protests outside the offices of Portugal’s rescued bank, Novo Banco. Customers want savings lost when the bank was created from

Business

Portugal: 4.9 bln euro bailout for Banco Espirito Santo

Portugal has injected 4.9 billion euros into one of the country’s biggest lenders, Banco Espírito Santo (BES), to prevent it collapsing. Carlos

Portugal has injected 4.9 billion euros into one of the country’s biggest lenders, Banco Espírito Santo (BES), to prevent it collapsing. Carlos

Business

Spain's Bankia releases better-than-expected results

Spain’s Bankia looks set for a stronger 2014 than was predicted with expectations the state could start selling down its holding. The country’s

Spain’s Bankia looks set for a stronger 2014 than was predicted with expectations the state could start selling down its holding. The country’s

Business

Banca Monte dei Pasch needs massive capital hike

Italy’s Banca Monte dei Paschi di Siena has said it is going to need another 2.5 billion euros in fresh capital from investors to shore up its

Italy’s Banca Monte dei Paschi di Siena has said it is going to need another 2.5 billion euros in fresh capital from investors to shore up its

News

Irish parliament passes emergency bank legislation

The Irish parliament has passed emergency legislation to allow for the liquidation of the former Anglo Irish bank. It is part of a deal with the

The Irish parliament has passed emergency legislation to allow for the liquidation of the former Anglo Irish bank. It is part of a deal with the

Business

UK taxpayers face no pay-out after bank crisis

The UK parliament has warned taxpayers may never recover the estimated 82 billion euros spent by the government during the country’s banking

The UK parliament has warned taxpayers may never recover the estimated 82 billion euros spent by the government during the country’s banking

News

Spain's Bankia: One last bailout

The head of the troubled Spanish bank, Bankia, has insisted that if the lender receives the 19 billion euros it asked for on Friday, it would not

The head of the troubled Spanish bank, Bankia, has insisted that if the lender receives the 19 billion euros it asked for on Friday, it would not

News

Spain's Bankia seeks 19 billion euros in state aid

Spain’s Bankia group asked the government for a 19 billion euro bailout on Friday. The lender was nationalised earlier this month. Madrid now owns a

Spain’s Bankia group asked the government for a 19 billion euro bailout on Friday. The lender was nationalised earlier this month. Madrid now owns a

Business

Bankia needs further massive bailout

Spain’s Bankia has reportedly asked the government for a 19 billion euro bailout. That would take the total cost of rescuing the country’s

Spain’s Bankia has reportedly asked the government for a 19 billion euro bailout. That would take the total cost of rescuing the country’s