This content is not available in your region

Former BES boss blames Lisbon government for bank failure

Access to the comments Comments
By Euronews
Former BES boss blames Lisbon government for bank failure

<p>The former head of Portugal’s failed <span class="caps">BES</span> bank has claimed its collapse could have been avoided.</p> <p>During a much anticipated appearance before a parliamentary commission former boss Ricardo Espirito Santo Salgado blamed the Lisbon government for not extending a bridging loan.</p> <p>“<span class="caps">BES</span> did not fail it was forced to disappear” said the former chief executive.</p> <p>In August, <span class="caps">BES</span> was split into a so-called “good bank”, called Novo Bank, which is up for sale, and a “bad bank”, <span class="caps">BES</span>, which is being wound up. andmto </p> <p><span class="caps">BES</span>’s demise is considered one of Europe’s largest financial failures.</p>