Utilize este identificador para referenciar este registo: http://hdl.handle.net/10362/15347
Título: The good, the bad and the ugly: The fall and resolution of Banco Espírito Santo
Autor: Morais, Luís Pedro Rodrigues Teles de Belo
Orientador: Pinho, Paulo
Palavras-chave: Corporate governance
Bank regulation
Bank resolution
Data de Defesa: Jan-2015
Resumo: This case study – and accompanying teaching note – briefly describes the history of the Espírito Santo family, a banking dynasty who led one of Portugal’s leading economic and financial groups, along with its “crown jewel”, Banco Espírito Santo. It chronicles how the corporate governance issues at BES allowed the family to exploit the bank, its shareholders and its customers, so as to support its unprofitable non-financial businesses. This left the bank in a poor financial situation, which deteriorated beyond control, leaving regulators – whose actions are also analysed here – with no alternative, amidst a severe liquidity crisis, but to apply a resolution measure, pinning large losses on junior bondholders and shareholders before recapitalising the bank.
URI: http://hdl.handle.net/10362/15347
Designação: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
Aparece nas colecções:NSBE: Nova SBE - MA Dissertations

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