BES GES

The former president of the KPMG auditing company, Sikander Sattar, took the stand on Tuesday in the BES/GES case accusing the banking group’s former accountant Francisco Machado da Cruz [...]

Authorities should have stepped in quicker over GES problems says banker – and refuses to discuss €100 million loan to ESI The Chairman of bank BPI, Fernando Ulrich, called the loss of [...]

Former GES boss Ricardo Salgado was a “compulsive liar” and tried to bribe lawyer Marcelo Rebelo de Sousa (Now Portugal’s President) with legal work, a Lisbon court has heard. The former and now [...]

José Maria Ricciardi, Ricardo Salgado’s cousin and former president of Banco Espírito Santo Investment (BESI), told judges at a Lisbon court yesterday that by December 2013 BESI was [...]

The Resolution Fund and Novobanco have now reached a “principle of understanding” for the early termination of the Contingent Capital Agreement (CCA), paving the way for the bank’s sale or [...]

One of the biggest and most media sensational trials of the past 10 years in Portugal into the collapse of the Banco Espírito Santo banking empire opened in Lisbon yesterday. The most infamous of [...]

This year marks 10 years since the collapse of the Banco Espírito Santo banking empire. David Sampson reflects on what went wrong with Portugal’s once most respected banking group. In 2006, [...]

Once problematic European banks, like Portugal’s Novobanco that suffered during the great financial crisis 10 years ago, are now in a prime position for IPOs and sell-offs according to the [...]

José Guilherme, the Amadora builder and close friend of the former president of the Espírito Santo Group, Ricardo Salgado, has died at the age of 85. Guilherme became famous or infamous for his [...]

The children of the second most important director at the failed bank Banco Espírito Santo which collapsed in 2014, are trying unblock funds belonging to their father, Amílcar Morais Pires who [...]