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Novo Banco
Novo Banco, SA, trading as Novobanco (, ), is a major Portuguese financial bank headquartered in Lisbon, Portugal. Following the entry into force of European Banking Supervision in late 2014, Novobanco has been designated as a Significant Institution and is supervised by the European Central Bank. Novobanco was established on 4 August 2014, as a result of a restructuring following the bankruptcy of Banco Espírito Santo (BES) led by the Bank of Portugal to hold the bank's healthy assets. This allowed Novobanco to operate, split off from the BES's toxic assets after historic losses of 3,577 million euros. BES's toxic assets, on the other hand, were transferred to a "bad bank". History In 2017, the American fund Lone Star Funds acquired 75% of the share capital of Novobanco in return for a capital injection of €1bn, with the Portuguese Resolution Fund holding the remaining 25 per cent. As part of this sale, the European Commission, through the Directorate-General for Competitio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
European Central Bank
The European Central Bank (ECB) is the central component of the Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's Big Four (banking)#International use, most important central banks with a balance sheet total of around 7 trillion. The Governing Council of the European Central Bank, ECB Governing Council makes monetary policy for the Eurozone and the European Union, administers the foreign exchange reserves of EU member states, engages in foreign exchange operations, and defines the intermediate monetary objectives and key interest rate of the EU. The Executive Board of the European Central Bank, ECB Executive Board enforces the policies and decisions of the Governing Council, and may direct the national central banks when doing so. The ECB has the exclusive right to authorise the issuance of euro banknotes. Member states can issue euro coins, but the volume must be approved by the EC ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Anbang Insurance
Anbang Insurance Group () was a Chinese holding company whose subsidiaries mainly deal with insurance, banking, and financial services based in Beijing. As of February 2017, the company had assets worth more than (US$301 billion). The ''Financial Times'' described Anbang as "one of China’s most politically connected companies." Anbang was founded by Wu Xiaohui in 2004 as a regional car insurance company. Chen Xiaolu, a prominent princeling and son of Marshal Chen Yi, served as an early director, although Chen stated that he was merely an advisor and not a shareholder. Its founding shareholders included state-owned car maker Shanghai Automotive Industries Corp., which held a 20% stake. In 2005, state-owned oil company Sinopec bought a 20% share in Anbang. Anbang has more than 30,000 employees in China and is engaged in offering various kinds of insurance and financial products. Anbang's chairman, Wu Xiaohui, was detained in Beijing by government authorities on June 8, 2017 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fosun International Limited
Fosun International Limited is a Chinese multinational conglomerate holding company. Founded in 1992 by Guo Guangchang and four others, the company is headquartered in Shanghai and was incorporated in Hong Kong in 2004. Its Co-CEOs are Chen Qiyu and Xu Xiaoliang. Wang Qunbin joined Guo Guangchang as co-chairman in early 2020. The company is located in over 35 countries and is one of the largest privately owned conglomerates in China. It was ranked 371st on the Forbes Global 2000 ranking in 2020. History 1990s Fosun Group was founded in 1992 as the Guangxin Technology Development Company by five graduates of Fudan University in Shanghai: Guo Guangchang, Liang Xinjun, Wang Qunbin (), Fan Wei (), and Tan Jian (). Fosun started its business by doing market research. The major holding company of the group, Fosun High Technology, was incorporated in 1994 in mainland China. Then Fosun extended its business into the healthcare industry (as Fosun Pharmaceutical), real estate, an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Santander SA
Banco Santander S.A. trading as Santander Group ( , , ), is a Spanish multinational financial services company based in Santander, with operative offices in Madrid. Additionally, Santander maintains a presence in most global financial centres as the 14th-largest banking institution in the world. Although known for its European banking operations, it has extended operations across North and South America, and more recently in continental Asia. It is considered a systemically important bank by the Financial Stability Board. Many subsidiaries, such as Abbey National, have been rebranded under the Santander name. The company is a component of the Euro Stoxx 50 stock market index. In June 2023, Santander was ranked as 49th in the Forbes Global 2000 list of the world's biggest public companies. Banco Santander is chaired by Ana Patricia Botín-Sanz de Sautuola O'Shea, daughter and granddaughter of former chairmen Emilio Botin-Sanz de Sautuola y García de los Ríos and Emili ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco De Portugal
The Banco de Portugal (, ) is the National central bank (Eurosystem), national central bank for Portugal within the Eurosystem. It was the Portuguese central bank from 1846 to 1998, issuing the Portuguese escudo, escudo. Since 2014, it has also been Portugal's national competent authority within European Banking Supervision. The bank was founded by royal charter in 1846, during the reign of Queen Maria II of Portugal, by a merger of the , the first bank founded in Portugal, and insurer ''Companhia Confiança Nacional''. The bank has branch offices in: Castelo Branco, Portugal, Castelo Branco, Coimbra, Évora, Faro, Portugal, Faro, Funchal, Leiria, Porto (Caixa Filial) and Viseu. History Foundation Queen Maria II of Portugal established the bank by royal charter on 19 November 1846 to act as a commercial bank and issuing bank. It came about as the result of a merger of the :pt:Banco de Lisboa, Banco de Lisboa, the first bank founded in Portugal, and the Companhia de Confiança ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Eduardo Stock Da Cunha
Eduardo is the Spanish and Portuguese form of the male name Edward. Another version is Duarte. It may refer to: Association football * Dudu (footballer, born 1992) (Eduardo Pereira Rodrigues), Brazilian footballer * Eduardo (footballer, born 1993) (Carlos Eduardo Bendini Giusti), Brazilian centre back * Eduardo (footballer, born 12 November 1986) (Eduardo da Conceição Maciel), Brazilian forward * Eduardo (footballer, born 20 November 1986) (Carlos Eduardo Santos Oliveira), Brazilian right back * Eduardo (footballer, born 1979) (Eduardo Adelino da Silva), Brazilian footballer * Eduardo (footballer, born 1995) (Eduardo José da Rosa Milhomem), Brazilian defender * Eduardo (footballer, born 1997) (Eduardo Jacinto de Biasi), Brazilian defensive midfielder * Eduardo (footballer, born 2000) (Eduardo da Silva Albuquerque), Brazilian midfielder * Edu Coimbra (Eduardo Antunes Coimbra) (born 1947), Brazilian attacking midfielder and manager * Edu (footballer, born 1981) (Eduardo Gonça ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vítor Bento
Vítor Augusto Brinquete Bento (Estremoz, June 25, 1954) is a Portuguese banker. He was the CEO of the Portuguese bank Novo Banco since August 4, 2014 until September 13, 2014, when he announced his resignation. He was replaced by Eduardo Stock da Cunha. Education Vítor Bento has a degree in economics from the School of Economic and Financial Sciences of the Technical University of Lisbon and a Master's in Philosophy from the Faculty of Arts and Humanities of the Catholic University of Portugal. Professional activity In 1980, Vítor Bento was admitted at Banco de Portugal as an economist for the Department of Economic Studies. In 1985 he was named Director of the Foreign Department and later executive director of the Issuing Institute of Macao (current Monetary Authority of Macao), returning to the Portuguese central bank in 1989 as deputy director of the Foreign Department, becoming its Director in 1993. From 1989 to 1994 he was a member of the Exchanges Policy Subcommittee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ricardo Salgado
Ricardo Espírito Santo Silva Salgado (born June 25, 1944) is a Portuguese economist, banker, and convicted criminal. Former president of Banco Espírito Santo, which was founded by his grandfather, he was, until July 2014, the banker active for the longest time in Portugal. Salgado was detained on 24 July 2014 in an investigation into suspected tax evasion and money laundering. He was later released on bail of €3m after being questioned by a magistrate at Lisbon's central court of criminal investigation. Education Ricardo Salgado was born in Cascais. The great-grandson of José Maria Espírito Santo Silva and maternal grandson of Ricardo Espírito Santo Silva Ribeiro, Salgado spent the first years of his life in Lisbon. He lived in Lapa, where he studied at a public elementary school and later at Liceu Pedro Nunes. He has a degree in economics from the Higher Institute of Economic and Financial Sciences of the Universidade Técnica de Lisboa (1969), and did his military s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Non-performing Loan
A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as they reduce profitability. They are often claimed to prevent banks from lending more to businesses and consumers, which in turn slows economic growth, although this theory is disputed. In the European Union, the management of the NPLs resulting from the 2008 financial crisis has become a politically sensitive topic, culminating in 2017 with the decision by the European Council to task the European Commission to launch an action plan to tackle NPLs. The action plan supports the fostering of a secondary market for NPLs and the creation of Asset Management Companies (aka bad banks). In December 2020, this action plan was revised in the wake of the COVID-19 pandemic crisis. Definition Non-performing loans are generally recognised as per the following criteria: * Payments of inter ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Loan
In finance, a loan is the tender of money by one party to another with an agreement to pay it back. The recipient, or borrower, incurs a debt and is usually required to pay interest for the use of the money. The document evidencing the debt (e.g., a promissory note) will normally specify, among other things, the principal amount of money borrowed, the interest rate the lender is charging, and the date of repayment. A loan entails the reallocation of the subject asset(s) for a period of time, between the lender and the borrower. The interest provides an incentive for the lender to engage in the loan. In a legal loan, each of these obligations and restrictions is enforced by contract, which can also place the borrower under additional restrictions known as loan covenants. Although this article focuses on monetary loans, in practice, any material object might be lent. Acting as a provider of loans is one of the main activities of financial institutions such as banks ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Directorate-General For Competition
Within the European Union (EU), Directorates-General are departments with specific zones of responsibility. Within the European Commission specifically, Directorates-General are the equivalent of national-level ministries. Most are headed by a European commissioner, responsible for the general direction of the Directorate-General, and in charge of (politically responsible for) the corresponding policy area; and a director-general, responsible for the management of day-to-day affairs, who reports to the European Commissioner. Nearly all of the top-level organisational divisions of the Secretariat of the European Parliament and the General Secretariat of the Council of the European Union are also termed Directorates-General. The European Patent Office (part of the European Patent Organisation, separate from the EU) also has Directorates-General, which are administrative groupings of departments. Directorates-General of the European Commission The Directorates-General of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
