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  • Portugal in $6.6B rescue of Banco Espirito Santo Sunday, 3 Aug 2014 | 8:05 PM ET

    Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis.

  • How a Portuguese banking mess took down a dynasty Wednesday, 30 Jul 2014 | 9:23 AM ET
    Ricardo Salgado, chief executive officer of Banco Espirito Santo SA.

    The Espirito Santo dynasty totters amid a financial scandal that's threatened to re-ignite Europe's financial crisis. Global Post reports.

  • Philippe Bodereau, global head of financial research at PIMCO, says the problems associated with Banco Espirito Santo do not threaten the financial stability of euro zone banks.

  • How the 'Teflon euro' has stayed resilient Monday, 21 Jul 2014 | 11:34 AM ET
    Mario Draghi

    The euro has remained stubbornly strong amid a slew of obstacles, and some analysts said the European Central Bank has kept it higher.

  • Espirito Santo group seeks creditor protection Friday, 18 Jul 2014 | 5:15 PM ET
    Espirito Santo International is the parent company of several institutions, including Banco Espirito Santo.

    Portugal's Espirito Santo International, holding company of Banco Espirito Santo, said it has filed for creditor protection.

  • Espirito Santo: 'Not a systemic situation'  Wednesday, 16 Jul 2014 | 4:20 AM ET

    Alberto Gallo, head of European macro credit research at RBS, discusses the financial difficulties the Espirito Santo family of companies is facing and says that it is not a systemic situation for Portugal.

  • Portugal Telecom: Debtor default to derail merger?  Wednesday, 16 Jul 2014 | 1:10 AM ET

    Otto Dichtl, managing director at Stifel Nicolaus, comments on Portugal Telecom, as reports indicate that one of the holding companies of the Espirito Santo family, Rioforte, could fail to repay its debt.

  • Global flash points  Monday, 14 Jul 2014 | 7:36 AM ET
    Iraqi Shiite men brandish their weapons as they show their willingness to join Iraqi security forces in the fight against jihadist militants who have taken over several northern Iraqi cities, on June 18, 2014, in the capital Baghdad.

    Robert Hormats, Kissinger Associates vice chairman, shares his thoughts on the escalating violence in the Middle East, and weighs in on the challenges ahead for China, Brazil and Portugal.

  • Not a good weekend for US foreign policy  Monday, 14 Jul 2014 | 7:34 AM ET

    CNBC's Michelle Caruso-Cabrera reports on the ripple effects of global unrest.

  • Portuguese debt to drop 70%: Pro  Monday, 14 Jul 2014 | 2:53 AM ET

    David Salanic, founder of Tortus Capital, discusses Portuguese government bonds and explains that they could go down 70 percent.

  • Should you short Portugal?  Monday, 14 Jul 2014 | 2:40 AM ET

    David Salanic, founder of Tortus Capital, explains that he's been short on Portugal for over a year and says that it will be "very difficult" for the country to cut its deficits further.

  • Treasury prices rally on Fed hopes, Portugal woes Friday, 11 Jul 2014 | 1:10 PM ET
    Traders work in the S&P 500 options pit at the Chicago Board Options Exchange

    U.S. Treasury prices continued to rally on future Fed action and safe-haven demand stemming from worries about Portugal's biggest listed bank.

  • Tension for Europe's banking  Friday, 11 Jul 2014 | 9:47 AM ET

    CNBC's Steve Sedgwick provides insight to the potential default at Banco Espirito Santo, and real worries of a domino effect around the world.

  • Traders work on the floor of the New York Stock Exchange in New York.

    CNBC's Steve Sedgwick reports European shares pared losses as Banco Espirito Santo seeks to calm concerns over its capital position.

  • Remedies for a sluggish economy  Friday, 11 Jul 2014 | 7:09 AM ET

    Jurrien Timmer, Fidelity Investments, and Steve Miller, AIG non-executive chairman, provide perspective on what would likely relieve the global economic malaise. Also Timmer shares his outlook on the markets.

  • European markets trim losses  Friday, 11 Jul 2014 | 7:04 AM ET

    Europe shares regain footing and Portugal shares post gains, reports CNBC's Karen Tso, with the latest update on Portugal's Banco Espirito Santo.

  • Patrick Chovanec, Silvercrest Asset Management, and Bruce Kasman, JPMorgan chief economist, share their outlook on the markets and economy. Also Kasman weighs in on Portugal's bank problems and explains why he thinks there's not a systemic threat in Europe.

  • Global markets eye Portugal bank crisis  Friday, 11 Jul 2014 | 6:15 AM ET

    Mark Grant, Southwest Securities, explains why the Portuguese bank crisis may spread to Brazil and Italy, but will not be a disaster for U.S. markets.

  • Banco Espirito shares suspended  Friday, 11 Jul 2014 | 6:11 AM ET

    Portugal's bank woes raise concerns of another EU crisis, reports CNBC's Steve Sedgwick.

  • No systemic risk from BES: Pro  Friday, 11 Jul 2014 | 5:30 AM ET

    Portugal's banking sector has gone through a transformative intervention, making its risk to Europe's banking system small, Antonio Roldan Mones, Portugal analyst at Eurasia Group.