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Portuguese bank reports €3.6bn loss

31.07.14 @ 09:13

  1. By EUOBSERVER

Portugal's Banco Espirito Santo has reported a half-year loss of €3.6bn, an amount that wipes out the existing capital buffer of nearly €2.1bn bringing it below the minimum level required by regulators. All officials in charge of auditing and supervision at the bank have been suspended, reports Reuters.