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Top related persons:
Patricia Kowsmann Patricia Kowsmann - 1 Patrick Drahi - 1 Violeta Santos Moura - 1 Patrick Drahi’s - 1 Drahi – - 1 Armando Pereira - 1 Altice - 1 Drahi - 1
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Europe Portugal London Brazil Singapore Washington Paris France
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Banco Espírito Santo - 2 Wall Street - 1 Society for - 1 Overseas Press Club of America - 1 British - 1 French - 1 REUTERS - 1 Violeta Santos Moura LONDON - 1

Search resuls for: "Banco Espírito"


3 mentions found


☆ Patricia Kowsmann — Reporter at The Wall Street Journal
  + stars: | 2023-08-17 | by ( Patricia Kowsmann | ) www.wsj.com   time to read: +1 min
Patricia KowsmannPatricia Kowsmann is a Europe finance reporter for The Wall Street Journal. She covers all things touching money, including banks, financial scandals, economic sanctions and crypto. She was a finalist in the 2014 Sabew Awards and the British Press Awards for uncovering a financial scandal at Portuguese lender Banco Espírito Santo, which ended up collapsing. She previously covered the eurozone crisis from Portugal, banks in London and the financial and real-estate sectors in Singapore. She started her career at the Journal covering corporate filings in Washington.
Persons: Patricia Kowsmann Patricia Kowsmann Organizations: Wall Street, Society for, Overseas Press Club of America, British, Banco Espírito Santo Locations: Europe, Brazil, Portugal, London, Singapore, Washington
☆ Altice’s beaten-up debt is only a bet for the bold
  + stars: | 2023-08-08 | by ( Pamela Barbaglia | ) www.reuters.com   time to read: +6 min
REUTERS/Violeta Santos MouraLONDON, Aug 8 (Reuters Breakingviews) - Altice’s debt is a bet for the bold. Patrick Drahi’s telecoms group is sitting on a $60 billion debt burden, and faces rising borrowing costs and a corruption investigation. Drahi will therefore need to sell assets to cut debt, which starts to come due in 2025. Both Altice France and Altice International are trying to sell their data centre businesses, which could raise some 700 million euros, bankers say. Yet Altice France alone has some $19 billion of debt coming due by 2029.
Persons: Patrick Drahi, Violeta Santos Moura, Patrick Drahi’s, Drahi –, Armando Pereira, Altice, Drahi, “, ”, Pereira, Xavier Niel’s, Manuel Magalhaes e Silva, Altice International’s, Alexandre Fonseca, Neil Unmack, Oliver Taslic Organizations: French, REUTERS, Violeta Santos Moura LONDON, Reuters, Altice USA, Altice, Bouygues Telecom, Banco Espírito Santo, Public, Thomson Locations: Paris, France, Moroccan, Europe, United States, Portugal, Israel, Dominican Republic, Orange, Altice France, Banco Espírito, Portuguese, New York, London
☆ ECB's Centeno sees more consolidation in Portugal's banking sector
  + stars: | 2022-11-23 | by ( Sergio Goncalves Andrei Khalip | Sergio Goncalves | Andrei Khalip | ) www.reuters.com   time to read: +2 min
LISBON, Nov 23 (Reuters) - Further consolidation of Portugal's banking sector is inevitable, European Central Bank member Mario Centeno told Reuters on Wednesday, calling "remarkable" the recent progress the country's banks have made on strengthening capital and reducing risk. Analysts have said that Portuguese banks should bet on M&A operations to achieve better competitive conditions, despite the five largest players' owning 80% to 85% of banking assets. Portugal's banks are still scarred from a debt crisis and a spike in NPLs after the 2010-13 recession. The NPL ratio for Portugal's lenders was 3.4% of total credit in June, versus 17.9% in mid-2016. "Although I am very satisfied with the evolution...there is no point in resting, we have to challenge ourselves," Centeno said.
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