Update: Banco Espírito Santo’s crisis resolved overnigh – Portugal
04 August 2014
From Sunday to Monday, overnight, the governor of the Bank of Portugal, Carlos Costa, has decided to split Banco Espírito Santo (BES) into two separate banking entities. The measure was made possible through the “Resolution Fund,” a provisional fund, set up in 2012 by all banks in Portugal, to help troubled banks. With this solution […]












