Friday, July 18, 2014

ANGOLA SUBSIDIARY OF PORTUGAL BANK SAYS IT NEEDS CAPITAL ASSISTANCE

Espirito Santo woes spill over to Angolan banking unit
"Investors are watching potential liabilities at BES's 12-year-old Angolan unit as a fault line in an escalating affair that has already roiled global markets and forced Portugal’s biggest telecoms firm to reduce its role in a planned merger with a Brazilian rival."

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