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Portugal's biggest bank in €4.9bn bailout

Portugal's central bank has said it decided to rescue troubled lender Banco Espirito Santo in a €4.9bn recapitalisation to be pumped into the healthy part of the bank that will be separated from its compromised assets.
News • 05 Aug 14

Espirito Santo to file for creditor protection

Portugal's Espirito Santo clan is preparing to file for creditor protection for one of its key holding companies, sources said, moving to ring fence prized assets as a deadline for a $1 billion plus debt repayment to Portugal Telecom looms.
Business • 15 Jul 14

Portugal assures markets over financial system

Portugal's government and central bank has assured investors that the country's financial system was sound, aiming to quell worry about the spill over effects of trouble at the Espirito Santo business empire.
Business • 11 Jul 14

Alarm over Espirito Santo hits Portugal markets

Portugal's markets sank and its borrowing costs soared today as fears grew that financial difficulties at the Espirito Santo group of companies could have far-reaching implications.
Business • 10 Jul 14

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