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Espírito Santo Chief Ricardo Salgado Expected to Stand Down

Page created: Friday, 20 June 2014 17:26 GMT

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BES   ESFG  Ricardo Salgado

The chief executive of Portugal’s Banco Espírito Santo SA, Ricardo Salgado, is expected to leave his post and be replaced by the bank’s chief financial officer—a move designed to appease the country’s central bank after it detected financial irregularities at a holding company with a stake in the lender.