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BES shareholder seeks creditor protection, woes spill to Angolan unit
Saturday July 19th 2014, 4:17 am Filed under Shareholder lawsuit

By Shrikesh Laxmidas and Andrei Khalip LISBON (Reuters) - One of the holding companies of Portugal's Espirito Santo banking clan filed for creditor protection in Luxembourg on Friday and the business empire's problems also spilled over to Angola where the central bank said the local unit of Banco Espirito Santo would need more capital to deal with bad loans. Banco Espirito Santo (BES), Portugal ... [News Source]