While you were sleeping: Portuguese banking worries

Thu, 10 Jul 2014

By Margreet Dietz July 11 (BusinessDesk) - Equities on both sides of the Atlantic declined as concern about Portugal’s largest publicly traded bank renewed worry about the euro-zone’s financial stability. Shares of Portugal’s Banco Espirito Santo plummeted 17 percent amid concern about missed debt payments by its parent Espírito Santo International before trading in the stock was halted. Bank shares in Italy and Spain also declined. “People will shoot first and ask questions later when news like this hits,” Lawrence Creatura, a fund ma...

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