"The family group's parent company, Espirito Santo Internacional, has been under scrutiny since the disclosure earlier this year of "serious accounting irregularities" and an "extremely negative" financial situation.
A banker who has worked closely with BES said the bank had a €2 bn - €3 bn capital shortfall and the likely solution was some kind of state-brokered rescue. "It is wishful thinking to think that someone in the private sector can come in and rescue BES" said the banker. "The government will soon realize that they need to act to stop the bleeding".
He said that a "Cyprus-style" bail-in was possible, whereby the bank's unsecured creditors and some large depositors could have their bonds converted into equity"
("Financial Times" de hoje, 11 de julho)