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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.

  • LISBON, Aug 3- Portugal will spend 4.9 billion euros to rescue its largest listed bank, testing the euro zone's resilience to another banking crisis just months after Lisbon exited an international bailout.

  • LISBON, Aug 3- Troubled Portuguese lender Banco Espirito Santo 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.

  • PARIS, Aug 1- Shares trimmed losses and the dollar dipped on Friday after the U.S. reported job growth slowed more than expected in July and the unemployment rate unexpectedly rose, easing worries that interest rates will rise soon.

  • LISBON/ LONDON, July 31- Portugal's hopes of drawing a line under the financial and governance troubles of Banco Espirito Santo were dashed on Thursday as investors took fright at massive losses and revelations of potential illegal activity at the country's largest listed bank.

  • *Bank of Portugal suspends BES risk, compliance, audit staff. LONDON/ LISBON, July 30- Laws may have been broken at Portugal's Banco Espirito Santo during a catastrophic six months that saw it lose 3.6 billion euros, the bank's new management said on Wednesday, as they vowed to raise new cash to bolster finances and to investigate the losses.

  • *Bank of Portugal suspends BES risk, compliance, audit staff. LONDON/ LISBON, July 30- Laws may have been broken at Portugal's Banco Espirito Santo during a catastrophic six months that saw it lose 3.6 billion euros, the bank's new management said on Wednesday, as they vowed to raise new cash to bolster finances and to investigate the losses.

  • 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.

  • Lisbon rallies as European shares edge higher Wednesday, 23 Jul 2014 | 12:56 PM ET

    *Investors keeping wary eye on Ukraine crisis. LONDON, July 23- Portugal's stock market outperformed other European bourses on Wednesday, rallying after investors bought stakes in the country's troubled lender Banco Espirito Santo.

  • *Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.

  • *Rioforte owes Banco Espirito Santo 220 million euros. The announcement from Rioforte came less than an hour after Banco Espirito Santo, which the family founded, said that two heavyweight U.S. investors had taken a combined stake of almost 5 percent in BES.

  • LISBON, July 21- Portugal's president warned on Monday that fallout from the financial troubles of the founding family of Banco Espirito Santo could affect the wider economy, while the bank said it was appointing a special financial advisor to help boost its capital structure.

  • 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.

  • LISBON, July 21- Portugal's Banco Espirito Santo is appointing a special financial advisor to help it raise capital to cope with large debts at the bank's founding family.

  • *Angola central bank says BES's Angola unit needs capital increase.

  • 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.

  • *Angola central bank says BES's Angola unit needs capital increase. LISBON, July 18- Financial problems at Portugal's Espirito Santo business empire spilled further across national borders on Friday, with Angola's central bank saying the local division of Banco Espirito Santo would need a capital increase to deal with bad loans.

  • LISBON, July 18- Banco Espirito Santo should be able to tap private investors if it needs to boost its defences against losses, Portugal's central bank governor said on Friday, reiterating that the lender had sufficient capital reserves.

  • DIARY - Top Economic Events to July 31 Thursday, 17 Jul 2014 | 8:01 PM ET

    PARIS- IMF chief Christine Lagarde and Germany Finance Minister Wolfgang Schaeuble take part in a debate on the future of the euro zone at a conference in Paris- 0900 GMT.