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

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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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