Tue, January 14, 2025
Mon, January 13, 2025
[ Mon, Jan 13th ] - CNET
Rocket Money Review 2025
[ Mon, Jan 13th ] - CFO
A CFO action plan for 2025
Sun, January 12, 2025
Sat, January 11, 2025
Fri, January 10, 2025
Thu, January 9, 2025
Wed, January 8, 2025
Tue, January 7, 2025
[ Tue, Jan 07th ] - CIO
Battle bots: RPA and agentic AI
Mon, January 6, 2025
Sun, January 5, 2025
Sat, January 4, 2025
Fri, January 3, 2025
[ Fri, Jan 03rd ] - MSN
Market Open: January 3, 2025

Portugal's Novo Banco says no business impact from probe into fired risk boss


//business-finance.news-articles.net/content/202 .. ness-impact-from-probe-into-fired-risk-boss.html
Published in Business and Finance on Wednesday, January 8th 2025 at 12:40 GMT by Reuters   Print publication without navigation

  • Novo Banco's business won't be affected by the alleged misconduct that led it to dismiss its chief risk officer and the Portuguese bank remains focused on pursuing its strategy and delivering sustainable earnings,

The article from Reuters discusses that Portugal's Novo Banco has stated there will be no business impact from a probe into its former risk management head, Manuel Soares, who was fired in 2023. The bank confirmed that the investigation by the Portuguese Central Bank into Soares' dismissal would not affect its operations. Novo Banco emphasized that the issue was an internal matter related to the management of risk, and they have taken steps to ensure continuity and stability in their risk management practices. The bank also reassured stakeholders of its commitment to maintaining high standards of corporate governance and compliance.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/finance/portugals-novo-banco-says-no-business-impact-probe-into-fired-risk-boss-2025-01-08/ ]

Publication Contributing Sources

Similar Business and Finance Publications