Bank scandal blackens name of powerful Portuguese family, possibly ruins international empire

  • by: BARRY HATTON , Associated Press
  • Updated: July 30, 2014 - 4:20 PM

LISBON, Portugal — Portugal's Espirito Santo family business survived wars, dictatorship, revolution and family feuds for almost 150 years. Now, one of Europe's last banking dynasties is being stripped of its wealth and influence amid accounting irregularities, huge unreported debts, record losses at the family bank and a police investigation.

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