Setback at  healthcare-to-bulbs group as it pushes ahead with a radical plan to spin off its lighting arm. Photograph: Balint Porneczi/Bloomberg

Philips slid to a net loss in the third quarter, weighed down by one-off charges and weak demand in Russia and China: a setback for the Dutch healthca(...)

A cleaner cleans the windows of Portuguese bank Banco Espirito Santo (BES) headquarters in downtown Lisbon. Photograph: Hugo Correia/Reuters

Goldman Sachs made a $835 million loan to Banco Espírito Santo a month before Portugal’s largest listed lender by value was bailed out in a complic(...)

A woman uses an ATM at Banco Espírito Santo (BES) headquarters in Lisbon yesterday. Portugal’s government bonds  advanced on news of the rescue yesterday. Photograph: EPA/Mario Cruz

Portugal’s Banco Espírito Santo has been split into “good” and “bad” banks as part of a €4.9 billion rescue of the distressed lender by the country’s (...)

Bank of Portugal governor Carlos Costa arrives to read a statement in Lisbon yesterday. Portugal’s central bank said  it had decided to rescue troubled lender Banco Espirito Santo in a €4.9 billion euro recapitalisation to be pumped into the healthy part of the bank. Photograph: Hugo Correia/ Reuters

Portugal will spend €4.9 billion to rescue its largest listed bank, testing the euro zone’s resilience to another banking crisis just months after (...)

Portuguese Bank Espirito Santo’s then chief executive Ricardo Salgado. Photograph: Jose Manuel Ribeiro/Reuters

Ricardo Espirito Santo Salgado, patriarch of Portugal’s beleaguered Espirito Santo banking family and former chief of Banco Espirito Santo, was detain(...)

Espirito Santo plunged 11 per cent to 39.6 cents, its lowest price since June 2012. Photograph: Mario Proenca/Bloomberg

Markets went into retreat yesterday on renewed fears about Portugal’s Banco Espirito Santo and comments from Federal Reserve chairwoman Janet Yellen (...)

“Those with deposits have reason to have every confidence in the security that Banco Espírito Santo offers their savings,” Portuguese prime minister  Pedro Passos Coelho said yesterday. Photograph: Reuters

Portugal’s prime minister Pedro Passos Coelho yesterday sought to calm customers of Banco Espírito Santo (BES) as the lender’s potential exposure to t(...)

Banco Espirito Santo is Portugal’s biggest publicly-traded bank by market value

Portugal’s markets sank and its borrowing costs soared on Thursday as fears grew that financial difficulties at the Espirito Santo group of companies (...)

Workers place a sign at a branch of Spain's nationalized lender Bankia in Madrid.

Miles Johnson in Madrid Shares in Bankia tumbled by as much as half yesterday as the final steps of the largest bank rescue in Spanish h(...)