Category: Banco Espírito Santo

Espirito Santo chief denies wrongdoing, points finger at Bank of Portugal

LISBON (Reuters) – The former head of Banco Espirito Santo <BES.LS> on Tuesday denied any wrongdoing in the collapse of the bank his family founded and blamed the Bank of Portugal for accelerating its demise. Portugal had to rescue the country’s largest bank, known as BES, in a 4.9 billion...

Espírito Santo Financial to File for Bankruptcy

LONDON – The Espírito Santo Financial Group, which at one point held about 25 percent of the bailed-out Portuguese lender Banco Espírito Santo, said on Thursday that it would file for bankruptcy after it was denied creditor protection by a Luxembourg court last week. Espírito Santo Financial is part of...