Banco Espirito Santo’s Former Investment Banking Arm Is Sold to Haitong Securities of China

Novo Banco, the “good” bank created after the bailout of the Portuguese lender Banco Espírito Santo, will sell its investment banking arm to Haitong Securities of China for about $465.5 million.

Novo Banco, the “good” bank created after the bailout of the Portuguese lender Banco Espírito Santo, will sell its investment banking arm to Haitong Securities of China for about $465.5 million.

Source:: Banco Espirito Santo’s Former Investment Banking Arm Is Sold to Haitong Securities of China

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