VOICED : Portugals small investors count cost of BES collapse

The transcript discusses the collapse of one of Portugal's largest banks, Banco Espirito Santo, and the subsequent creation of Novo Banco. Many customers, including retirees and low-income individuals, lost their life savings. Personal stories highlight the severe impact on their lives. Novo Banco claims no responsibility for the toxic investments of its predecessor, leaving customers doubtful about recovering their funds.

What was the main consequence of the collapse of Banco Espirito Santo?

• Creation of a new bank, Novo Banco

• Introduction of new banking regulations

• Expansion of the bank's operations

• Increase in bank interest rates

How did the collapse of the bank affect Martyr L'estro's family?

• They received additional compensation

• Their savings were secured

• They were able to invest in new ventures

• They lost the compensation money for a family member's accident

What was the impact on Albino due to the bank's collapse?

• He was able to retire early

• He received a government bailout

• He lost his life savings and could not maintain his greenhouses

• He gained new investment opportunities

What is the stance of Novo Banco's new chief regarding the lost investments?

• The bank will compensate all clients

• The bank is not responsible for the predecessor's toxic investments

• The bank will increase interest rates

• The bank will merge with another institution

How much money in total have clients lost due to the bank's collapse?

• €1 billion

• €100 million

• €200 million

• €500 million