1 Aug 2014 By George Hay, Dominic Elliott

Banco Espirito Santo’s shares have tanked 70 pct since a rights issue barely two months ago. UBS and Morgan Stanley, which led the 1 bln euro equity raise, hoisted red flags. The banks could have heeded their own findings and refused the job. Customers have a right to be angry.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)