Reports: Portugal Rescuing Banco Espirito Santo - Presented by: The Aol. On Network

In a dire rescue effort, Portugal is expected to split troubled Banco Espirito Santo (BES), its second-largest bank, into two separate "good" and "bad" entities, according to published reports Sunday.The lender was pulled underwater by the financial woes of its parent company, Espirito Santo International (ESI). The nearly $3 billion plan is being partially funded by Portugal's participation in an international bailout program, a Reuters report said.



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