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BBSPY vs. ETF Alternatives
Monday, Jun 42012, 6:00 AMMore on Portugal/banks: The government is injecting €1.65B into state-controlled Caixa Geral de Depositos, up to €3.5B into Banco Comercial Portugues SA, and €1.5B into Banco BPI (BBSPY.PK). The state will receive convertible bonds from BCP and BPI in return. The money is coming from a bank bailout fund created as part of Portugal's €78B rescue. |Monday, Jun 42012, 6:00 AM| Comment!