Portugal (Country threat level – 3): (BBC) On Thursday, shares in both Banco Espirito Santo (BES) and Espirito Santo Financial Group - which holds a 25% stake in BES - fell sharply on worries about the financial health of the Espirito Santo group. Lisbon stock market regulators suspended trading in BES shares after they plunged by more than 17%. After the ban was lifted around midday on Friday, the shares gained close to 4% to 0.53 euros. The overall Portuguese market was more than 2% higher meanwhile, after losing 4% on Thursday. On Thursday evening, Banco Espirito Santo said it was waiting for the release of the restructuring plan of Espírito Santo Group in order to assess the potential losses related to its exposure.
Posted on: Fri, 11 Jul 2014 13:33:56 +0000
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