US asks: Did BES move money for Colonel Gadhafi?
As investigators probe the extent of Banco Espírito Santo’s intrigue, extraordinary new links revealed by the US Wall Street Journal have suggested the bank may well have moved millions for
Novo Banco affirms its latest ‘scandal’ has “zero” effect on recovering business
Less than a week after top-tier managers were rounded up in another high-profile police swoop targeting banking corruption, Novo Banco’s man-at-the-helm has said all is fine and dandy. Talking to
NOVO BANCO directors named as new defendants in BES scandal
As revelations come thick and fast, Público newspaper is reporting that top-level bankers who moved from BES to Novo Banco when the former institution collapsed have now been named as
Bank of Portugal Governor unconvincing in BES enquiry
It took seven hours of tough questioning and, even so, the parliamentary commission of inquiry into the BES banking scandal remained unconvinced by the Governor of the Bank of Portugal
Good cousin/bad cousin: BES intrigue hits new low
As a date has finally been set for the opening of a government commission of inquiry into the BES banking scandal, news comes that José Maria Ricciardi – leader of
Stock losses as PT shares bomb by more than 27%
Lisbon’s stock market is in tatters today after shares in Portugal Telecom hit an historic new low. And although analysts claim there is “no news that explains” the shock, the
Football legends talk of “lost millions” in BES carve-up
As the parliamentary inquiry gets underway, promising to “fling the doors wide open” on the Banco Espírito Santo banking scandal, Portugal’s former national football team manager Carlos Queiroz has talked
Knives sharpen as BES inquiry gets underway
Seventeen MPs have begun the parliamentary inquiry into “the truth of the facts” behind the BES banking scandal. Just as the forensic audit ordered to establish the depth of the
Net tightens on BES Angola’s “lost” €4.2 billion
As the forensic audit analysing alleged irregularities at former Banco Espírito Santo is due to report to the Bank of Portugal next week, news comes of a list of people
New BES banking horrors impact on small investors
As every day brings new horrors to the fore, it now seems certain that small investors who put money into BES’ ‘products’ may have had their money used for entirely