New Zealand retirement fund sues Bank of Portugal over its “unlawful” handling of BES debacle
A New Zealand Superannuation Fund, backed by the NZ government, is the latest “heavyweight” to announce it is suing the Bank of Portugal over its handling of the BES banking
DECO lodges million-euro civil action against Espírito Santo family
In the escalating number of actions being lodged by investors “left out in the cold” by the BES good-bank/bad-bank carve up, citizens bureau DECO has now waded into the fray,
Goldman Sachs limbers up for €706 million court battle with Bank of Portugal
Multinational investment firm Goldman Sachs is limbering up for major court battle with the Bank of Portugal over the 835 million dollar (€706 million) loan that was left in the
Bank of Portugal now accused of having caused BES collapse
In another week of after-shocks surrounding the biggest private banking scandal ever to hit Portugal, Luxembourg lawyers acting for creditors of Espírito Santo Financial Group (ESFG) blame the Bank of
BES boss cites key audiences with Cavaco Silva before bank collapse
As the PCP communist party accuse the Bank of Portugal of “noteworthy resistance” to furnish information to the government inquiry into the collapse of BES, Ricardo Salgado, the bank’s former
BES shareholders sue Governor of the Bank of Portugal for “injurious negligence”
As key players appear before the government inquiry into the collapse of BES, 485 shareholders have banded together to sue the Governor of the Bank of Portugal over damages they
Singing like a bird – Espírito Santo “missing” accountant spills the beans in parliament
The accountant BES boss Ricardo Salgado claimed was “missing”, sang like the proverbial bird yesterday for the parliamentary inquiry set up to establish the “truth of the facts” behind the
BES Boss' sisters reduced to baking cakes
Only in Portugal could a financial scandal become a reality show. But that is what seems to have happened in the case of Banco Espírito Santo, says TV commentator Marcelo
BES “did not fail”, it was pushed, says Salgado
In a remarkable performance, immaculate in dark business suit with lilac tie, former banking boss Ricardo Espírito Santo Silva Salgado addressed parliament today, with a reason for every accusation levelled
Salgado prepares for parliamentary grilling as Chinese buy BESI
Just as Novo Banco – the good bank that rose from the disaster of BES – announces it has sold BESI (Banco Epírito Santo International) to Chinese financial services company