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Banco Espírito Santo

A man walks past Portuguese Novo Banco (New Bank) posters at its head office in Lisbon

EU regulators expect Novo Banco sale to proceed as agreed

15/09/2014(0)
European Union state aid regulators expect Portugal to sell Novo Banco, the successor to troubled Banco Espirito Santo (BES) (BES.LS), in line with a pledge made in return for ... Read More
goldman_sachs_logo_door

Goldman Sachs faces BES losses

02/09/2014(0)
Goldman Sachs lent over £500m to Banco Espirito Santo (BES) just a month before the Portuguese government was forced to bail out the crisis-hit bank. The Wall Street bank ... Read More
credit-agricole

Crédit Agricole Takes $950 Million Hit on Portuguese Bank

05/08/2014(0)
The French bank Crédit Agricole said Tuesday that it nearly had its entire second-quarter profit wiped away as it took a $950 million charge to write off its entire ... Read More
banco espirito santo

Portugal will finance $6.6 billion to rescue Banco Espirito Santo

04/08/2014(0)
It was a few months ago that Lisbon has exited an international bailout and now Portugal is planning to spend 4.9 billion euros in order to rescue Banco Espirito ... Read More
banco espirito santo

Banco Espírito Santo reports a loss of €3.6 Billion

31/07/2014(0)
Banco Espírito Santo on Wednesday reported a first-half loss of €3.58 billion (or $4.8 billion), the largest ever for a Portuguese institution, wiping out the bank’s €2.1 billion capital ... Read More
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