Portugal's CMVM securities market regulator suspended trading in shares of Banco Espirito Santo, pending new information to be released by the bank, after the stock plunged another 40 percent on Friday, adding to Thursday's 42 percent dive. Investors took fright at massive losses and revelations of potential illegal activity at BES revealed late on Wednesday that complicate the bank's ambition of raising capital without seeking state aid.
Comments
Comments are closed.