Embattled Banco Espirito Santo revealed in a regulatory filing that Goldman Sachs bought a 2.27% stake in the bank on July 15. That’s a good signal because the Goldmanites were likely to do some due diligence.
On the other hand, Banco Espirito Santo also revealed it has hired Deutsche Bank to assess the “potential optimization” of the balance sheet. That sounds suspicious.
Shares of Banco Espirito Santo have stabilized since Goldman bought shares on July 15
