Bancaire Helvetique Buys Espirito Santo Assets (Bloomberg)

Bancaire Helvetique Buys Espirito Santo Assets (Bloomberg)

Debt woes at two companies affiliated with Portugal’s Espirito Santo family have prompted the financial dynasty to sell part of its Swiss private banking business.  Banque Privee Espirito Santo SA said it would sell its Iberian and Latin American customer assets to CBH Cie. Bancaire Helvetique SA. The two Swiss private banks didn’t provide details in their e-mailed statement disclosing the transaction late yesterday… Link to Article