Markets Recover a Little, but Portugal Forced to Rescue Banco Espirito Santo

Now watching

Next video starts in : 7 Play

Markets Recover a Little, but Portugal Forced to Rescue Banco Espirito Santo

Markets Recover a Little, but Portugal Forced to Rescue Banco Espirito Santo
Replay video
Up next

Mortgage Applications Drop, Tiffany Beats but Michael Kors Doesn't

Unlock your personal NFL Now stream by signing in to NFL.com

Markets Recover a Little, but Portugal Forced to Rescue Banco Espirito Santo

by TheStreet 2:05 mins

Markets Recover a Little, but Portugal Forced to Rescue Banco Espirito Santo

by TheStreet 2:05 mins

European markets drifted upwards Monday as fears of an imminent U.S. interest rate rise receded following last week’s poorer than expected employment statistics. But Germany still eyed the situation in Ukraine warily and Frankfurt fell in morning trading. Portugal’s central bank announced it will take control of ailing Banco Espirito Santo. BES will be split into a good bank and a bad bank and junior bondholders will be “bailed-in” to bear some of the cost of the $6.6 billion rescue. Germany’s Rheinmetall was blocked from fulfilling a $100 million defense contract with Russia. British bank HSBC said employees are becoming disproportionately risk averse, fearing criticism from regulators. But it said it would benefit if interest rates go up either in the U.K. or the U.S.

TheStreet

Personal Finance

  1. 2:22

    How this woman tracked down her identity thief

  2. 2:23

    3 strategies that can help simplify your life

  3. 2:14

    Would you give your dog your kidney?

  4. 2:14

    5 unique summer jobs that pay great

  5. 1:03

    Money Minute: What employers are really looking for

  6. 2:31

    CEO cashes out to become a farmer

Market Movers

  1. 12:02

    Bulls' long holiday; Time Warner Cable's new deal; Amazon takes on Etsy

  2. 2:05

    Time Warner Cable soars on Charter deal; Etsy falls on Amazon threat; Apple promotion

  3. 1:36

    Etsy may face 'Handmade' rival from Amazon

  4. 2:18

    Taco Bell to remove artificial ingredients

  5. 2:05

    Charter to buy Time Warner Cable for $55 billion

  6. 11:08

    Investors focus on Yellen's speech; Inflation watch; Apple's big iPad