BES mess gets worse amid capital scramble
![bes.jpg](https://assets.euromoneydigital.com/dims4/default/f1436f6/2147483647/strip/true/crop/200x125+0+0/resize/840x525!/quality/90/?url=http%3A%2F%2Feuromoney-brightspot.s3.amazonaws.com%2Fb7%2Ffe%2F8941247b703907c008e7b96195d1%2Fbes.jpg)
The same investors that saw their €1.1bn investment in Banco Espírito Santo plunge over 60% in the weeks following the Portuguese lender’s capital raise could support another deal to plug an up to €4.5bn hole in the bank’s balance sheet that emerged on Wednesday evening — even as commentators asked whether shareholders could pursue legal action.
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