Banco Espirito Santo Plunges 20% As Goldman Cuts Stake

As we noted yesterday, Goldman Sachs (and its muppeted clients) bought Banco Espirito Santo bonds and stocks at around 50c. Having lost more than two-thirds of their money on that trade, this happened…

  • *BANCO ESPIRITO SANTO SAYS GOLDMAN SACHS CUTS STAKE TO BELOW 2%

BES stocks is down over 20% this morning to fresh record lows. So much for the short-selling ban – maybe time for a ‘selling’ ban.

 




via Zero Hedge http://ift.tt/1xKlpv0 Tyler Durden

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