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...
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Maroc - ESSENTIAL-BUSINESS.PT - A La Une - 09/Sep 17:57
The fall of BES: the origins of the problem – a culture of hiding losses and overspending
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, Ricardo Martorell and Henrique Granadeiro, two senior directors of the Espírito Santo Group’s top holding company (GES) were asked to report urgently on the […]
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