Thursday, 31 July 2014

Ailing Portuguese bank's shares sink after losses

In this July 28, 2014 photo, people use ATMs at a branch of Portuguese bank Banco Espirito Santo in Lisbon. The Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, and a police investigation. (AP Photo/Francisco Seco) LISBON, Portugal (AP) — The woes of troubled Portuguese bank Banco Espirito Santo deepened Thursday as its share price plunged on the Lisbon stock exchange, a day after it reported a record half-year loss of 3.58 billion euros ($4.8 billion).








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