BANCO DEAR: NZ Superannuation Fund was joined with finance high-fliers in the loan to collapsed Portuguese bank. An Indian billionaire and a hedge fund run by former Goldman Sachs executives were among coinvestors with the Super Fund in a $1 billion loan to shaky Portuguese bank Banco Espirito Santo. The… – Continue reading
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… – Continue reading
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… – Continue reading
