Re: Banco Espiri (Nav Gupta .ffi, 01 Jul 2014)

Subject: Re: Banco Espirito continued From: Nav Gupta .ffi Date: Tue, 01 Jul 2014 10:39:04 -0400 To: Cc: Paul Morris Vinit Sahni Tazia Smith Classification: Confidential Banco Espirito has 3 issues 1. it is in trouble with regulators after it funded its cash position by issuing bills and bonds to retail and institutional clients who has entrusted funds to the bank on a discretionary basis.market participants worry about the firms ability to raise capital. 2. it has a large exposure