Espírito Santo

Type: Province
Name: Espírito Santo
First reported Sep 19 2014 - Updated 11 hours ago - 8 reports

Press Release of Banco de Portugal on measures applied to the branch of Banque Privée Espírito Santo

The Board of Directors of Banco de Portugal has decided to apply the following corrective intervention measures to the branch in Portugal of Banque Privée Espírito Santo (BPES): The Board of Directors of Banco de Portugal has also decided to appoint two ... [Published Noodls - 11 hours ago]
First reported 14 hours ago - Updated 14 hours ago - 1 reports

Portuguese economy declines as domestic consumption slows

Portugal’s economic activity fell in August, according to the Bank of Portugal which noted that this was the second month in a row that the figures has defied government wishes.The index fell 0.6% year on year, which shows a worsening situation which ... [Published Algarve Daily News - 14 hours ago]
First reported Sep 19 2014 - Updated Sep 19 2014 - 1 reports

PRESS DIGEST - Portugal - Sept 19

LISBON, Sept 19 ( ) - Following are some of the mainstories in Portuguese newspapers on Friday. Reuters has notverified these stories and does not vouch for their accuracy.* Portuguese banks seek 8 billion euros in new loans fromECB (Diario de Notici ... [Published Mail Online UK - Sep 19 2014]
First reported Sep 18 2014 - Updated Sep 19 2014 - 9 reports

BES Dubai offshoot frozen by local regulator

The Dubai Financial Services Authority today imposed harsh restrictions on Espírito Santo Bankers Dubai preventing it receiving or paying out money.This freeze is designed to preserve the assets held locally in Dubai amid concerns that illegal transfers ... [Published Algarve Daily News - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Lower IDFC to neutral: Espirito Santo

Summary We downgrade IDFC to ‘neutral’ from ‘buy’ with a fair value of Rs 143 a share. We are not pricing in a blue-sky scenario as of now.We downgrade IDFC to ‘neutral’ from ‘buy’ with a fair value of R143 a share. We are not pricing in a blue-sky scenario ... [Published Financial Express - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 18 2014 - 2 reports

Investors seek injunction on sale of insurer by BES successor

LISBON (Reuters) - A group of bondholders of insolvent Espirito Santo Financial Group on Wednesday requested a court injunction against the sale of Portuguese insurer Tranquilidade by the successor of Banco Espirito Santo - rescued by the state last ... [Published Bayou Buzz - Sep 17 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

The (early) Lunch Wrap

Scotland votes ||Easyjet increases dividend, fleet||Bayer to float plastics business||Dubai regulator restricts Espirito Santo activity||News Corp takes Google opposition to EC||Dollar and Sterling up Continue reading: The (early) Lunch Wrap ... [Published FT Alphaville - Sep 18 2014]
First reported Sep 17 2014 - Updated Sep 17 2014 - 2 reports

FINANCIAL ADVISOR INSIGHTS: Bonds Aren't Just For Old People

Flickr/Man Alive! FFor some reason, millennials are only interested in the riskiest investments. Sure, the idea of "higher risk, higher reward" is more suitable for you investors how have the time to wait out the volatility of riskier investments.It's ... [Published Business Insider - Sep 17 2014]
First reported Sep 16 2014 - Updated Sep 16 2014 - 1 reports

Espirito Santo’s Miami Unit Probed Over Wealth Sales

Banco Espirito Santo SA , thePortuguese bank bailed out last month, is facing U.S. regulatoryscrutiny over a subsidiary’s transactions with an affiliatedPanamanian lender.The Securities and Exchange Commission and Federal DepositInsurance Corp. are among ... [Published Bloomberg - Sep 16 2014]
First reported Sep 15 2014 - Updated Sep 15 2014 - 2 reports

African Union Commission Chairwoman Arrives in Luanda

Luanda — The chairwoman of the African Union (AU) Commission, Nkosazana Dlamini Zuma, arrived in Luanda last Saturday afternoon, en route to the Central African Republic (CAR), where she will witness the transfer of the African forces to the UN Mission ... [Published AllAfrica.com - Sep 15 2014]
First reported Sep 14 2014 - Updated Sep 14 2014 - 3 reports

Bank of Portugal picks new CEO for BES successor Novo Banco

Eduardo Stock da Cunha, 51, an experienced international banker who has worked at lenders like Santander (SAN.MC) and Lloyds (LLOY.L) in Britain, Portugal, Spain and the United States, became the new head of the bank that the central bank aims to sell ... [Published NewsRT.co.uk - Sep 14 2014]
First reported Sep 14 2014 - Updated Sep 14 2014 - 1 reports

Espírito Santo 'Good Bank' Gets New Leader

Portugal's central bank on Sunday appointed a Lloyds Banking Group executive to run the good bank resulting from the collapse of Banco Espírito Santo SA, following the resignation of the three-person team that had taken over in July. ... [Published WSJ.com: What's News Europe - Sep 14 2014]

Quotes

...current shareholders is not possible, as the parent companies of the Espirito Santo Group are also insolvent," the regulator said in a statement. "FINMA has thus initiated bankruptcy proceedings against the bank and appointed a bankruptcy liquidator." BPES officials were not immediately available for comment...
The regulator took action as soon as the SwissSwiss bank defaulted and against the background of "the rapid development of financial difficulties of Espírito Santo Group in recent months.”"
Almeida does have a place in his heart for Portugal’s small and medium enterprises which are to receive his special attention, "SMEs currently are undergoing a very difficult phase and I think it is necessary to help them. They will have a fundamental role in PT" said the company leader, noting that "more than 95% of companies in Portugal are SMEs" and that "they have many employees."
Chief executive Rodney Cook said: "This was a year of extraordinary highs and lows. The successful completion of our IPO and the strong momentum our model delivered in the first nine months of the year were overshadowed by the effect of the Budget reforms on our final quarter. The fact that we still delivered record results speaks volumes for the quality of our business and our people."

More Content

All (634) | News (473) | Reports (0) | Blogs (145) | Audio/Video (0) | Fact Sheets (13) | Press Releases (3)
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Press Release of Banco de Portugal on measures ... [Published Noodls - 11 hours ago]
Portuguese economy declines as domestic consump... [Published Algarve Daily News - 14 hours ago]
Espirito Santo Swiss Demise Threatens Depositor... [Published Washington Post - 21 hours ago]
The Daily Docket: BMO Faces $24B Suit Tied to P... [Published WSJ.com: Bankruptcy Beat - 22 hours ago]
FINMA initiates bankruptcy proceedings against ... [Published Swiss Federal Banking Commission - 23 hours ago]
FINMA Undergoes Bankruptcy Proceedings Against ... [Published Forex Magnates - Sep 19 2014]
Espirito Santo’s Swiss Demise May Ensnare Depos... [Published Bloomberg - Sep 19 2014]
Bankruptcy Proceedings Opened Against Swiss Esp... [Published Austin American Statesman - Sep 19 2014]
Swiss begin bankruptcy proceedings against Espi... [Published Sharenet - Sep 19 2014]
Swiss begin bankruptcy proceedings against Espi... [Published Reuters - Sep 19 2014]
PRESS DIGEST - Portugal - Sept 19 [Published Mail Online UK - Sep 19 2014]
Southeast Port receives its first Green Label c... [Published Vale - Sep 18 2014]
MARKET REPORT: Monitise shares take a hit as Vi... [Published Mail Online UK - Sep 18 2014]
Lower IDFC to neutral: Espirito Santo [Published Financial Express - Sep 18 2014]
BES Dubai offshoot frozen by local regulator [Published Algarve Daily News - Sep 18 2014]
Portugal Telecom’s new chief 'to put customers ... [Published Algarve Daily News - Sep 18 2014]
Dubai regulator freezes deposits in local Espir... [Published Sharenet - Sep 18 2014]
DFSA puts restrictions on Espirito Santo bank’s... [Published Gulf News - Sep 18 2014]
Dubai regulator puts hold on free-zone private ... [Published Abu Dhabi National - Sep 18 2014]
Just Retirement reassures by offsetting annuity... [Published BullBearings - Sep 18 2014]
The (early) Lunch Wrap [Published FT Alphaville - Sep 18 2014]
Dubai clampdown on Espírito Santo unit [Published FT.com - Companies - Sep 18 2014]
Dubai clampdown on Espírito Santo unit [Published FT.com - Financials - Sep 18 2014]
Dubai regulator imposes curbs on local Espirito... [Published Sharenet - Sep 18 2014]
DFSA Statement: ES Bankers (Dubai) Limited [Published Zawya.com - Sep 18 2014]
ES Bankers Dubai banned from accepting deposits... [Published Emirates247 - Sep 18 2014]
Dubai's FSA regulator imposes curbs on local Es... [Published Sharenet - Sep 18 2014]
Hindalco Industries's may not have enough bauxi... [Published DNA India - Sep 18 2014]
Global deepwater developments: real supply addi... [Published Offshore oil and gas - Sep 17 2014]
FINANCIAL ADVISOR INSIGHTS: Bonds Aren't Just F... [Published Business Insider - Sep 17 2014]
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Blogs

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The Daily Docket: BMO Faces $24B Suit Tied to P... [Published WSJ.com: Bankruptcy Beat - 22 hours ago]
A new lawsuit seeks to hold M&I Bank, now owned by BMO Harris Bank, responsible for allegedly enabling Minnesota businessman Tom Petters to orchestrate a Ponzi scheme that cheated investors out of several billion dollars. The Wall Street Journal has ...
The (early) Lunch Wrap [Published FT Alphaville - Sep 18 2014]
Scotland votes ||Easyjet increases dividend, fleet||Bayer to float plastics business||Dubai regulator restricts Espirito Santo activity||News Corp takes Google opposition to EC||Dollar and Sterling up Continue reading: The (early) Lunch Wrap ...
Bonds Aren't Just For Old People [Published Clusterstock - Sep 17 2014]
FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors. Financial Advisers Need To Remind Millennials That Bonds Aren't Just For Old People  (BlackRock Blog) For some reason, ...
Investors Seek Injunction On Sale Of Insurer By... [Published Clusterstock - Sep 17 2014]
LISBON (Reuters) - A group of bondholders of insolvent Espirito Santo Financial Group on Wednesday requested a court injunction against the sale of Portuguese insurer Tranquilidade by the successor of Banco Espirito Santo - rescued by the state last ...
Portugal Looks For Speedy Sale After Novo Banco... [Published Clusterstock - Sep 15 2014]
By Andrei Khalip LISBON (Reuters) - Portuguese Prime Minister Pedro Passos Coelho stood by government policy toward the remains of failed Banco Espirito Santo (BES) on Monday, saying a quick sale of its successor Novo Banco was necessary to avoid ...
1 2 3 4 5 6 7 8 9 10 ...

Press Releases

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Sbarro Continues Growth In Brazil With New Rest... [Published Financial Services - Jul 24 2014]
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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