Sucheta Dalal :Will the ghost of Banco Espírito\'s problems come to haunt the markets?
Sucheta Dalal

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Will the ghost of Banco Espírito\'s problems come to haunt the markets?  

July 21, 2014

Portugal’s largest listed bank is in trouble again. But markets are still flying high on cheap money

 

William Gamble

 

Usually markets have the memory of a well-trained gerbil, but last week something refreshed it. Banco Espírito Santo (BES), Portugal’s largest listed bank ran into some trouble.

 

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-- Sucheta Dalal