Banco de Portugal

Type: Company
Name: Banco de Portugal
First reported 22 hours ago - Updated 2 hours ago - 10 reports

It’s another record – BES share plunge to new depths

Never before has a Portuguese company lost so much value on the stock exchange in one day.BES shares today opened in Lisbon and collapsed in value by 45% in reaction to yesterday’s announcement that the country’s third largest bank had managed to lose ... [Published Algarve Daily News - 2 hours ago]
First reported 5 hours ago - Updated 3 hours ago - 1 reports

BES mess gets worse amid capital scramble

BES announced on Wednesday evening that losses for thesecond quarter were €3.5bn, the latest in a run of damaging disclosures for thefirm. But despite the announced losses taking the bank's core equity tier oneratio to 5% — below the 7% required as part ... [Published GlobalCapital - 5 hours ago]
First reported 4 hours ago - Updated 4 hours ago - 1 reports

Bradesco Said Not to Be Planning BES Capital Contribution

Banco Bradesco SA (BBDC4) , the Brazilianlender that owns 3.9 percent of Banco Espirito Santo SA, doesn’tplan to contribute to the Portuguese bank’s capital raise,according to a person familiar with the matter who asked not tobe identified because he ... [Published Bloomberg - 4 hours ago]
First reported 4 hours ago - Updated 4 hours ago - 1 reports

BNP, BES, CS: banks steal show again

BNP says it ''regrets'' its massive sanctions fine, BES shares nosedive and Credit Suisse reveals it's also joining the list of banks under investigation for dark pool activities. Joel Flynn explores the earnings and other headline stories emerging from ... [Published Reuters India - 4 hours ago]
First reported 7 hours ago - Updated 7 hours ago - 1 reports

"Seriously harmful acts of management" at Banco Espirito Santo

Banco Espirito Santo SA’s stock plunged by the most on record and the bonds slumped after it was ordered to raise capital following a 3.6 billion-euro ($4.8 billion) first-half net loss. The Bank of Portugal required the lender to raise the money after ... [Published Atlanta Journal And Constitution - 7 hours ago]
First reported 11 hours ago - Updated 7 hours ago - 2 reports

Markets Are In The Red, Major Portugese Bank Crashes (DIA, SPY, SPX, QQQ)

Consumer prices in the euro zone climbed by just , the lowest rate in five years. Meanwhile, the slipped to 11.5% in June from 11.6%."Lowflation in the euro area suggests the European Central Bank will maintain its easing bias," said Bloomberg economists ... [Published Connecticut Post - 8 hours ago]
First reported 9 hours ago - Updated 9 hours ago - 1 reports

BES subs dive to new lows as burden sharing risk grows

The bank’s November 2023 tier two bonds fell to a cash price of 58.28 by late morning on Thursday after BES reported a loss of €3.5bn which took its core equity tier one ratio down to 5%, well below the regulatory minimum.Those bonds, which had reached ... [Published GlobalCapital - 9 hours ago]
First reported 14 hours ago - Updated 9 hours ago - 1 reports

Greenspan Bearish – In The Loop.

br />!--[if gte mso 9]><![endif]--> Baltic Dry Index. 754  +07 LIR Gold Target in 2019: $30,000.  Revised due to QE programs. “There are errors in this book. I do not know where they are. If I did they wouldn't be there. But with close ... [Published London Irvine Report - 14 hours ago]
First reported 13 hours ago - Updated 13 hours ago - 1 reports

Espirito Santo to Raise Capital After 3.6 Billion-Euro Loss

(Updates with bonds starting from first paragraph.)July 31 (Bloomberg) -- Banco Espirito Santo SA was ordered to raise capital as it posted a 3.6 billion-euro ($4.8 billion) first-half net loss on provisions for loans to other members of the Espirito ... [Published Washington Post - 13 hours ago]
First reported 23 hours ago - Updated 23 hours ago - 1 reports

It's a record - BES loses €3.57 billion in six months

The results are out, and they are at the far end of the city’s worst expectations. In the first six months of the year Banco Espírito Santo, run until recently by Ricardo Salgado, has managed to accumulate eye-watering losses.The bank’s trading statement ... [Published Algarve Daily News - 23 hours ago]
First reported Jul 29 2014 - Updated Jul 29 2014 - 1 reports

BES annual general meeting called off

Shares in high street bank BES dropped a further 10% today after news reached the market that the bank's keenly awaited Annual General Meeting has been called off due to pressure from Espirito Santo Financial Group and Crédit Agricole, the bank's two ... [Published Algarve Daily News - Jul 29 2014]
First reported Jul 29 2014 - Updated Jul 29 2014 - 2 reports

Banco Espirito Santo Plunges: Shareholder Meeting Cancelled Due To "Unexpected Facts"

With all other operating holdcos having already declared bankruptcy, the anxiety over Banco Espirito Santo is growing ( despite DE Shaw and Goldman Sachs recommending investors buy the shares ). Despite Bank of Portugal reassurance last night that "BES ... [Published Zero Hedge - Jul 29 2014]

Quotes

...At her semi-annual testimony on the economy and monetary policy earlier this month, Fed President Yellen specifically said that, "There is some room for faster growth in wages and for real wage gains before we need to worry that's creating an overall inflationary pressure for the economy." With wage growth rising at its fastest pace in 6 years in the second quarter, investors will be looking for the Fed to change it tune as early as the...
One hedge fund manager who is considering investing said a bailout was not inevitable. "If there really was no prospect of getting any cash, the stock should probably be at zero" he said
"With the euro perhaps getting weaker and weaker, and other currencies such as the Pound getting stronger, it will affect these banks and I think there is still a concern about the longevity of the Euro currency."
In the statement, " Next Steps for BES ', Bento said"

More Content

All (263) | News (239) | Reports (0) | Blogs (20) | Audio/Video (1) | Fact Sheets (1) | Press Releases (0)
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The USD And NFP -- What To Expect [Published Investing.com - 6 mins ago]
It’s another record – BES share plunge to new d... [Published Algarve Daily News - 2 hours ago]
UPDATE 2-BES edges closer to state aid as inves... [Published CNBC - 4 hours ago]
Bradesco Said Not to Be Planning BES Capital Co... [Published Bloomberg - 4 hours ago]
BNP, BES, CS: banks steal show again [Published Reuters India - 4 hours ago]
BES mess gets worse amid capital scramble [Published GlobalCapital - 5 hours ago]
Press Release of Banco de Portugal on the resul... [Published Banco de Portugal - 5 hours ago]
"Seriously harmful acts of management" at Banco... [Published Atlanta Journal And Constitution - 7 hours ago]
Banco Espirito Santo Share Price Halved After H... [Published Value Walk - 7 hours ago]
Markets Are In The Red, Major Portugese Bank Cr... [Published Connecticut Post - 8 hours ago]
Dominoes Fall At Espírito Santo [Published Forbes.com - 8 hours ago]
BES subs dive to new lows as burden sharing ris... [Published GlobalCapital - 9 hours ago]
Futures Tumble On Espirito Santo Loss, European... [Published Zero Hedge - 9 hours ago]
UPDATE 1-BES edges closer to state aid as inves... [Published Reuters UK - 10 hours ago]
Futures Tumble On Espirito Santo Loss, European... [Published Zero Hedge - 10 hours ago]
Banco Espirito Santo shares plummet over 50% [Published Business Spectator - 10 hours ago]
German bonds steady as disinflation keeps press... [Published Sharenet - 10 hours ago]
Markets Are In The Red, Major Portugese Bank Cr... [Published Clusterstock - 11 hours ago]
BANCO ESPIRITO SANTO : BES shares plummet 50 pe... [Published 4 Traders - 12 hours ago]
Espirito Santo to Raise Capital After 3.6 Billi... [Published Washington Post - 13 hours ago]
Portugal's BES Proves Weakest Link in EU Bankin... [Published Forbes.com - 13 hours ago]
German bond yields steady before euro zone infl... [Published Sharenet - 13 hours ago]
Greenspan Bearish – In The Loop. [Published London Irvine Report - 14 hours ago]
Banco Espirito Santo posts interim loss of $4.8B [Published CNBC - 16 hours ago]
Portuguese bank in 3.6bn euros loss [Published BBC - 17 hours ago]
BES seeks capital as key staff suspended over m... [Published NewsRT.co.uk - 20 hours ago]
UPDATE 2-BES seeks capital as key staff suspend... [Published CNBC - 20 hours ago]
BANCO ESPIRITO SANTO : Bank of Portugal suspend... [Published 4 Traders - 22 hours ago]
It's a record - BES loses €3.57 billion in six ... [Published Algarve Daily News - 23 hours ago]
European stock market, economy and companies up... [Published Stock Markets Review - Jul 30 2014]
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Blogs

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Futures Tumble On Espirito Santo Loss, European... [Published Zero Hedge - 10 hours ago]
It has been a deja vu session of that day nearly a month ago when the Banco Espirito Santo (BES) problems were first revealed, sending European stocks and US futures, however briefly, plunging. Since then things have only gotten worse for the insolvent ...
Markets Are In The Red, Major Portugese Bank Cr... [Published Clusterstock - 11 hours ago]
Stocks are down across Europe. Britain's FTSE is down 0.2%. France's CAC 40 is down 0.7%. Germany's DAX is down 1.0%. Spain's IBEX is down 1.6%. This comes in the wake of new inflation and unemployment data. Consumer prices in the euro zone ...
Greenspan Bearish – In The Loop. [Published London Irvine Report - 14 hours ago]
br />!--[if gte mso 9]><![endif]--> Baltic Dry Index. 754  +07 LIR Gold Target in 2019: $30,000.  Revised due to QE programs. “There are errors in this book. I do not know where they are. If I did they wouldn't be there. But with close ...
Banco Espirito Santo Plunges: Shareholder Meeti... [Published Zero Hedge - Jul 29 2014]
With all other operating holdcos having already declared bankruptcy, the anxiety over Banco Espirito Santo is growing ( despite DE Shaw and Goldman Sachs recommending investors buy the shares ). Despite Bank of Portugal reassurance last night that ...
Futures Levitate As FOMC Begins Two-Day Meeting [Published Zero Hedge - Jul 29 2014]
Overnight markets have been a continuation of the relative peace observed yesterday before the onslaught of key data later in the week, with the biggest mover standing out as the USDJPY, which briefly touched 102 before sliding lower then recouping losses. ...
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Audio/Video

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Portugal a contagion fear - or maybe not [Published Reuters Video: Business - Jul 11 2014]
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