Banco Espirito Santo SA split into “good” and “bad” banks amid a 4.9-billion-euro bailout
August 4, 2014 9:33 am
The central bank of Portugal was reported to have taken control of Banco Espirito Santo SA, which used to be the biggest bank by market value in the country. Banco Espirito Santo SA has been divided into “good” and “bad” banks as part of a bailout that will cost 4.9 billion euros (6.6 billion dollars). […] Read more