Portugal rescues biggest lender with €4.9bn bailout
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Portugal is to rescue its biggest lender, Banco Espirito Santo, with a €4.9 billion bailout. Last week, the bank reported losses of €3.6 billion due to debts from its biggest shareholder, the Espirito Santo group. The rescue plan will see the lender split into "good" and "bad" banks. Also today: Panasonic adds radishes to its product line-up.