BES Fig Partners hires consultant to sell bank in Miami – RTP

 

Lusa
 Aug 28, 2014, 10:35
 
 

 

 BES informs in a statement that “the company was hired Fig Partners as financial advisor in assessing and structuring transactions for potential sale, merger or reorganization of Espirito Santo Bank, Miami, Florida”.
 

 The Bank of Portugal has decided this month to place deposits and credits of Espírito Santo Bank (Miami, USA) – such as those of Aman Bank (Libya) – managed by the New Bank, but the debts remained at `bank` bad, or is at BES.
 

 In July, the American Federal Deposit Insurance Corporation decided to investigate the rules of governance in financial transactions and asset management of ES Miami Bank after Following suspicions of money laundering and other crimes.
 

 On the night of Sunday, August 3, the Bank of Portugal took control of BES and announced the separation of the institution in two.
 

 The so-called bad bank (`bank` bad) stayed with the toxic assets and liabilities of the old BES, which, although they continue to call BES has no banking license.
 

 In the `bank bom`, the New Bank’s assets and liabilities were not considered problematic from former BES, getting this new bank a market capitalization of € 4.9 billion through the banking Resolution Fund.
 

TAGS: BES Bad, Spirit, Spirit, Miami,

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