krunal_dhabhi
Krunal Dhabhi
Troubled Portuguese lender Banco Espirito Santo BES is expected to be split into "bad" and "good" banks under a multi-billion euro state rescue plan being hashed out by Lisbon and EU authorities, people familiar with the talks said on Sunday.
The plan, aimed at saving a bank that has been engulfed by the 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, these sources said.
resource : reuters.com/article/2014/08/03/us-portugal-bes-idUSKBN0G30LO20140803