Espírito Santo

Type: Province
Name: Espírito Santo
First reported 16 hours ago - Updated 32 mins ago - 15 reports

BANCO ESPIRITO SANTO : Banking Former head of Banco Espirito Santo detained

Prosecutors investigating a suspected tax fraud and money-laundering conspiracy have detained the former head of Portugal's largest bank.The office of the Portuguese attorney general said yesterday that Ricardo Salgado (pictured), who stood down this ... [Published 4 Traders - 3 hours ago]
First reported 15 hours ago - Updated 2 hours ago - 7 reports

New chapter in the Espirito Santo saga as ex-boss is arrested

Ricardo Salgado, patriarch of Portugal’s beleaguered Espirito Santo business clan, was arrested on Thursday to be questioned by an investigating judge.It was not in connection with the family’s latest problems, but over a long-running investigation into ... [Published EuroNews - 8 hours ago]
First reported 7 hours ago - Updated 5 hours ago - 2 reports

Espírito Santo Financial Group Seeks Creditor Protection

1:47 p.m. ETLISBON—Espírito Financial Group SA, which holds 20% of Portuguese lender Banco Espírito Santo[1] SA, BES.LB +1.88%[2] Banco Espirito Santo S/A[3] Portugal: Lisbon €0.49 +0.01 +1.88% July 24, 2014 4:35 pm Volume (Delayed 15m) : 96.10M P/E Ratio ... [Published DailyMe.Com - 5 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 1 reports

Espirito Santo Group: How it all started

Jose Maria do Espirito Santo Santo Silva, born in Lisbon on May 13, 1850, didn't know who his father was. His baptismal certificate recorded his paternity as "unknown."But his own children and children's children have been keenly aware of their parentage. ... [Published Deutsche Welle - 8 hours ago]
First reported 8 hours ago - Updated 8 hours ago - 2 reports

Third And Final Espirito Santo HoldCo Is Bankrupt: Is "Banco" Next?

Having admitted that the banking system problems in Portugal could be systemic , the President has a bigger problem now as the 3rd (and final) Holdco of the Banco Espirito Santo capital structure fiasco just filed for bankruptcy:*ESPIRITO SANTO FINANCIAL ... [Published Zero Hedge - 8 hours ago]
First reported 13 hours ago - Updated 11 hours ago - 3 reports

Former Banco Espírito Santo chief executive arrested in Portugal

The detention exacerbates the problems faced by the family, which is fighting to save its business empire following the discovery of material irregularities at one of its holding companies earlier this year.Mr Salgado was brought before a judge at Lisbon’s ... [Published Irish Times - 11 hours ago]
First reported 15 hours ago - Updated 12 hours ago - 2 reports

Ousted Espirito Santo bank head arrested: judicial source

Salgado was arrested early in the day at his home near Lisbon, the source said, a day after several premises in the Espirito Santo group were searched on Wednesday.The 70-year-old Salgado, who had run the bank, known as BES, for 23 years, was forced out ... [Published XinMsn - 14 hours ago]
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

Brazilians thwarted as Espirito Santo Group’s 'Rioforte' seeks court protection

Brazilian telecoms company Oi has confirmed that Espirito Santo Group’s Rioforte subsidiary has failed to repay an €879 million bond owed to Portugal Telecom, despite a week’s extension to the deadline.Oi and Portugal Telecom are merging and the Oi board ... [Published Algarve Daily News - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

Banco Espirito Santo Rises on Goldman, D.E. Shaw Stakes

NEW YORK (The Deal) -- Investors in Banco Espirito Santo bet on Wednesday that the Portuguese lender can avoid being subsumed by the debt troubles of affiliates after the bank hired Deutsche Bank for advice and disclosed two significant shareholders.The ... [Published Lebanon Daily News - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 1 reports

Espirito Santo group sells bank assets, holding put under supervision

Luxembourg (AFP) - The main shareholder of troubled Portuguese bank Banco Espirito Santo (BES) was placed in receivership on Tuesday as the parent group announced it had sold most of its Swiss-based activities.Luxembourg's district court in a statement ... [Published Yahoo! News - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

Overnight Futures Levitation Mode Engaged But Subdued

For all the talk of how stellar this earnings season has been so far (mostly for the financials if only relative to crushed expectations, and all in non-GAAP terms of course), some of the biggest bellwethers had nothing to write home about yesterday with ... [Published Zero Hedge - Jul 23 2014]
First reported Jul 23 2014 - Updated Jul 23 2014 - 2 reports

European Stocks Advance on Batch of Positive Earnings

07/23/14 - 05:56 AM EDTLONDON ( The Deal ) -- European stock indices advanced on Wednesday as a rash of positive earnings reports and a rise in U.S. indices the day before eclipsed geopolitical worries, including the troubles in Gaza and Ukraine.In London, ... [Published TheStreet.com - Jul 23 2014]

Quotes

"This is in no way a matter for the government, much less for the Council of Ministers, it is only for the courts of justice" said Minister of the Presidency, Marques Guedes
"We hope this action does not lead to the deterioration of our current diplomatic, economic, energy and commercial relations" the Foreign Ministry said
"This does not concern the government, and certainly not the council of ministers, but rather the federal justice" he said when questioned in a briefing after a council of ministers meeting earlier in the day. (1 euro = 1.35 U S dollars) Endi
...Merrion Stockbrokers said that when BES releases its results next week it is expected to take previsions for its exposure to family holdings. "ESFG debt has been pricing in some type of default" he added, pointing out that ESFG has yet to unveil a planned restructuring plan...

More Content

All (1207) | News (1107) | Reports (0) | Blogs (84) | Audio/Video (0) | Fact Sheets (13) | Press Releases (3)
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Banker Ricardo Salgado out on €3 million bail [Published Algarve Daily News - 52 mins ago]
Espirito Santo Financial Group seeks creditor p... [Published Forex TV - 1 hour ago]
BANCO ESPIRITO SANTO : Banking Former head of B... [Published 4 Traders - 3 hours ago]
XINHUA - Former BES chief detained, freed after... [Published Namibia Press Agency - 3 hours ago]
BES bonds begin recovery as investor sentiment ... [Published GlobalCapital - 4 hours ago]
Feds charge former high-ranking Chavez aides wi... [Published McClatchy DC - 4 hours ago]
Bonds & Bullion Tumble As Stocks Stumble On Mac... [Published Zero Hedge - 4 hours ago]
Former BES chief detained, freed after paying 3... [Published China.org.cn - 4 hours ago]
Espírito Santo Financial Group Seeks Creditor P... [Published DailyMe.Com - 5 hours ago]
Bonds & Bullion Tumble As Stocks Stumble On Mac... [Published Zero Hedge - 5 hours ago]
Biggest BES shareholder seeks creditor protecti... [Published Sharenet - 5 hours ago]
Mounting alarm over Portugal’s Espirito Santo b... [Published Livemint.com - 6 hours ago]
ESS for sale [Published Healthcare Europa - 7 hours ago]
Espirito Santo Financial Group Seeks Protection... [Published Bloomberg - 7 hours ago]
Espirito Santo Group: How it all started [Published Deutsche Welle - 8 hours ago]
Banco Espirito Santo Crisis: Patriarch of Portu... [Published International Business Times UK - 8 hours ago]
Third And Final Espirito Santo HoldCo Is Bankru... [Published Zero Hedge - 8 hours ago]
New chapter in the Espirito Santo saga as ex-bo... [Published EuroNews - 8 hours ago]
Third And Final Espirito Santo HoldCo Is Bankru... [Published Zero Hedge - 8 hours ago]
Espirito Santo Group's Ricardo Salgado arrested [Published Algarve Daily News - 8 hours ago]
Sbarro Continues Growth In Brazil With New Rest... [Published Financial Services - 9 hours ago]
Former third gen CEO at Banco Espirito Santo de... [Published Campden FB - 9 hours ago]
Banco Espirito Santo Patriarch & Former CEO Arr... [Published Value Walk - 9 hours ago]
Fraud investigators quiz former top Portuguese ... [Published Advisor.ca - 9 hours ago]
Former Banco Espirito Santo CEO detained in mon... [Published Los Angeles Business - 9 hours ago]
Does Banco Espirito Santo spell trouble for Eur... [Published Fund Strategy - 10 hours ago]
Former Banco Espírito Santo chief executive arr... [Published Irish Times - 11 hours ago]
Shareholders sue PT over €900 million ‘lost’ in... [Published Portugal Resident - 11 hours ago]
Former Portuguese Bank Head Arrested for Money ... [Published NDTV - 11 hours ago]
Overnight Manufacturing PMI Euphoria Boosts Fut... [Published Zero Hedge - 11 hours ago]
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Blogs

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Bonds & Bullion Tumble As Stocks Stumble On Mac... [Published Zero Hedge - 5 hours ago]
Treasury yields pushed 4-5bps higher on the day - the worst in 3 weeks - as yesterday's test of 2014 lows saw some reactive bond-selling. Asian and EU PMIs sent stocks to record-er highs but absymal US PMI and housing data took the shine off the exuberance ...
Third And Final Espirito Santo HoldCo Is Bankru... [Published Zero Hedge - 8 hours ago]
Having admitted that the banking system problems in Portugal could be systemic , the President has a bigger problem now as the 3rd (and final) Holdco of the Banco Espirito Santo capital structure fiasco just filed for bankruptcy: *ESPIRITO SANTO ...
Banco Espirito Santo CEO, Who Quit Last Month, ... [Published Zero Hedge - 12 hours ago]
Curious why Portugal's second largest bank is in dire straits on the verge of default and as we reported yesterday, is threatening to impact - adversely - Portugal economy should the bankruptcy chain that has already claimed two of its HoldCos continue ...
Overnight Manufacturing PMI Euphoria Boosts Fut... [Published Zero Hedge - 14 hours ago]
Ever since going public, it appears that Markit's giddyness about life has spilled over into its manufacturing surveys: after a surge in recent Markit mfg exuberance in recent months in the US, it was first China's turn overnight to hit an 18 month high, ...
The Daily Docket: Ex-Dewey Executives Settle Suit [Published WSJ.com: Bankruptcy Beat - Jul 23 2014]
Reuters Two former Dewey & LeBoeuf LLP executives have settled a civil suit brought by the defunct firm’s bankruptcy trustee to recover nearly $22 million, according to a Tuesday court filing. Law Blog has the Daily Bankruptcy Review article here . ...
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Press Releases

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Sbarro Continues Growth In Brazil With New Rest... [Published Financial Services - 9 hours ago]
CGG : CGG Begins Multi-Client Survey of Espirit... [Published GlobeNewswire: Acquisitions News - May 15 2014]
Café do Centro: referência no segmento de café ... [Published PR Newswire - Dec 11 2013]
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