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Keywords: Privatizing
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Case Studies
Novo Banco – what good out of a bad bank?
Available to Purchase
Case Provider:
The CASE Journal
The CASE Journal (2020) 16 (5): 551–584.
Published: 01 September 2020
... Banco Espírito Santo (BES) on August 4, 2014. The toxic assets remained in BES (dubbed “bad bank”). BES was one of the biggest private banks in Portugal, with origins mounting back to the year 1869. In 2013, it was headed by the founder’s great-grandson, Ricardo Salgado, when an external audit revealed...
