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Portugal banking crisis sends tremors through Europe
Portuguese Bank Reveals Exposure After Missed Payment Shakes Markets
The Bank of Portugal has since said BES has solid solvency ratios and is isolated from the problems at the holding company. 
Espirito Santo Creditors Doubt Containment on Missed Payment

Sources:
http://www.telegraph.co.uk/finance/financialcrisis/10960563/Portugal-banking-crisis-sends-tremors-through-Europe.html
http://www.bloomberg.com/news/2014-07-10/espirito-santo-discloses-1-2-billion-euro-exposure-to-e-s-group.html
http://in.reuters.com/article/2014/07/08/portugal-ecb-borrowings-idINL6N0PJ3RL20140708
http://www.bloomberg.com/news/2014-07-09/espirito-santo-creditors-doubt-containment-after-missed-payments.html
http://money.cnn.com/2014/07/10/investing/portugal-bank/?hpt=hp_bn1