Looks like it will be a busty weekend for European leaders calling the crisis over. Knife-catching ‘value’ investors have been torn asunder as Banco Espirito Santo’s stock crashed another 40% today to 12c and has now been suspended by Portugal’s securities regualtor.
- *BANCO ESPIRITO SANTO SHARES SUSPENDED PENDING INFORMATION, CMVM SAYS
With Goldman bailing and the sovereign suggesting it is not willing to bailout, it appears – based on Sub debt’s collapse – that a bail-in burden-sharing solution is coming. When will Bill Miller scoop it up?
Sub debt pricing in a massive haircut…
As Bloomberg reports,
Portuguese securities regulator suspended Banco Espirito Santo shares from trading pending information about the lender, CMVM says in statement on website.
Coming this weekend?
via Zero Hedge http://ift.tt/1s9ZVY4 Tyler Durden