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Portugal

World news about “Portugal” published by euronews.

13/09 19:03 CET

Board of Portuguese lender Novo Banco in shock exit

Board of Portuguese lender Novo Banco in shock exit

The board of the newly created Portuguese Bank Novo Banco has resigned. The lender was saved by a government bailout in its previous guise of Banco Espirito Santo. The new management took the helm in mid-July and announced its decision claiming it was based on a "change of…