Share on StockTwits

People familiar with the talks said on Sunday, troubled Portuguese lender Banco Espirito Santo is expected to be split up into a “bad” and “good” bank under a multi-billion euro state rescue plan being hashed out by Lisbon and EU authorities. These sources said, the plan, aimed at saving a bank that has been engulfed by the dramatic fall of the Espirito Santo family’s business empire, includes using at least half of the 6 billion euros left from Portugal’s recently exited international bailout program.

“Portugal To Rescue BES Using Bailout Money” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.

Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.