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Goldman said on course for legal battle

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The Bank of Portugal has stuck to a decision to keep a loan linked to Goldman Sachs in a 'bad bank' carved out after the rescue of Banco Espirito Santo (BES), putting the central bank and Goldman on course for a legal battle.

BES's Brazil play poses warning for other EU banks

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The $6.6 billion bailout of Portugal's largest bank poses a warning for other European banks which are heavily exposed to "fragile" emerging market economies in Latin America and Africa, analysts have cautioned.

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Goldman said on course for legal battle

The Bank of Portugal has stuck to a decision to keep a loan linked to Goldman Sachs in a 'bad bank' carved out after the rescue of Banco Espirito Santo (BES), putting the central bank and Goldman on course for a legal battle.