Brussels points out “significant deficiencies” in the management of Novo Banco when it was set up and under the control of the Bank of Portugal, until it was sold to the US vulture fund, Lone Star. 
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Damning report into Novo Banco shows Mr Magoo was asleep at the wheel
Brussels points out “significant deficiencies” in the management of Novo Banco when it was set up and under the control of the Bank of Portugal, until it was sold to the US vulture fund, Lone Star.