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Bank bankruptcy

World news about “Bank bankruptcy” published by euronews.

04/08 17:27 CET

Portugal: 4.9 bln euro bailout for Banco Espirito Santo

Portugal: 4.9 bln euro bailout for Banco Espirito Santo

Portugal has injected 4.9 billion euros into one of the country’s biggest lenders, Banco Espírito Santo (BES), to prevent it collapsing. Carlos Costa, Governor of the Bank of Portugal, said that BES' healthy businesses would be spun off into a so-called “good” bank, named Novo…