Espirito Santo Bank booked a profit in Miami, but its parent company in Portugal was rocked by a major loss that lowered its capital to troubling levels. Banco Espirito Santo lost $4.8 billion in the first half of 2014, the company said Wednesday. That dropped its Tier 1 capital ratio to 5 percent, which is below the 7 percent requirement in Europe for a “well capitalized” bank. Some of those losses were due to the bank’s exposure to loans granted to several holding companies that own an…

Topics:  espirito santo bank   miami   portugal   banco espirito santo   tier   europe   profit   parent   percent   company   capital   
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