Novo Banco admits appeal to court for more capital – Banking & Finance


Novo Banco threatens to go to court for having received less than the amount authorized by the Government in a resolution by the Council of Ministers. It received 317.0 million euros from the Resolution Fund (FdR) and, therefore, considers that it constitutes a “failure to comply with legal obligations and the CCA (contingent capital mechanism)”, threatening the execution of “all measures, including legal entities”. say so

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Source: Jornal de Negócios by www.jornaldenegocios.pt.

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