Pressure on Bank of Portugal as BES fallout escalates
Banco EspĂrito Santo may be no more – but almost as soon as the Bank of Portugal revealed the âŹ4.9 billion rescue package that it claimed posed âno risks to
Follow the money⊠the dizzy trail of digits that translates into BESâ spectacular fall from grace
There are âso many numbers that it is difficult to decipher what they all meanâ. Journalist JosĂ© Carlos Marques has made a good job of trying, however – and he
Bank of Portugal expected to announce 5 billion euro BES âbailoutâ later today
By the end of today (Sunday), the government and the Bank of Portugal are expected to reveal how they will be ârecapitalisingâ (for that read: saving) trouble-torn Banco EspĂrito Santo.
EspĂrito Santo Financial Portugal now files for insolvency
With the BES share price now absolute rock bottom, analysts are all agreed – state intervention will have to be the next step. There are simply no private investors brave
BES losses confirmed at âŹ3.6 billion as new scandals rock the EspĂrito Santo empire
The BES scandal escalated last night as losses in the first six months of this year were confirmed at âŹ3.6 billion. They are not simply the worst banking losses on
BESâ âŹ3 billion hole: âthe largest loss of any bank in Portugalâ
As the trouble-beset Grupo EspĂrito Santo faces another decisive week, the Portuguese government is reported to be âvery worriedâ. Losses have without doubt exceeded the groupâs capital cushion (âŹ2.1 billion),
BES: âŹ15 million funding of Portugalâs major political parties now under scrutiny
As Portugalâs news media carries daily âexclusivesâ on the ongoing meltdown at the EspĂrito Santo banking empire, it is now very clear why politicians of all persuasions are keeping surprisingly
New BES boss to reveal results on Wednesday
VĂtor Bento, the beleaguered bankâs new boss, is due to present BES accounts for the first half of this year on Wednesday (July 30). Analysts are said to be hedging
Former BES boss on âŹ3 million bail as EspĂrito Santo group âimplodesâ
It has been hailed as the end of one of the âmost influential centres of powerâ in Portugalâs political, social and financial world. Minutes after former BES boss Ricardo Salgado
Portugalâs disgraced BES bank chief and Deputy PM Paulo Portas travel to Angola in separate bids for financial support
Angola is the chosen destination this week of Deputy PM Paulo Portas, days after the disgraced former BES banking boss Ricardo Salgado allegedly travelled to Luanda in a bid for