Portugal Rescues Banco Espirito Santo for $6.6B

Portugal Rescues Banco Espirito Santo for $6.6B Play

Aug. 4 (Bloomberg) -- Portugal’s central bank took control of Banco Espirito Santo SA, once the country’s largest lender by market value, in a 4.9 billion-euro ($6.6 billion) bailout that will leave junior bondholders with losses. Columbia Business School Professor Charles Calomiris and Greylock Capital Management Founder and CEO Hans Humes speak on “Bloomberg Surveillance.” (Source: Bloomberg)

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