Downfall of a dynasty

Downfall of a dynasty

The last days of Ricardo Salgado and Banco Espírito Santo

Iran's pivotal moment

Iran's pivotal moment

Tehran is at a crossroads…

Keefe takes on the big league. (Harry Keefe, founder of Keefe, Bruyette and Woods banking institution)

by Keslar, Linda


Men can replace the wheel, the combustion engine, the propeller but" we have to have banks", said the American banking system's greatest cheerleader, Harry Keefe. "There's no replacement for money lenders and money changers. Banks were arund before Christ."

And when Harry Keefe talks about banking, people isten. No one has a bad word for the firm he helped to found, Keefe, Bruyette and Woods.

"the man the mightiest bankers fear,c was the opinion of Louis Rukeyser, when he invited Keefe on to his television show, Wall Street Week.

Keefe is quick to acknowledge that his success also rests with his partner Jean Bruyette (Norbert Woods died in 1972) and the team effort at KBW. a tall New Englander with a dry sense of humour, Keefe, 64, confounded the firm in 1962 by taking a second mortgage on his house.


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Final days of Ricardo Salgado and Banco Espírito Santo

Euromoney Pulse Survey: Renminbi’s internationalization continues apace
When BES collapsed earlier this year, markets briefly feared a return of the crisis to Portugal and to Europe. Even after the bank's bailout, investigators still pore over bank documents, transfers and deals, trying to make sense of Salgado’s last days battling to keep his empire afloat. The backstory is of an extraordinary decades-long rivalry between the country's two pre-eminent business families.