Portugal to pump €6.6bn into three banks

Portugal is to inject more than €6.6bn into three banks to meet EU criteria.

Portugal is to inject more than €6.6bn into three banks to meet EU criteria.

Private BCD and BPI banks and state-owned CGD will receive the injection to meet the European Banking Authority's capital requirements.

It comes amid growing concern for banks in Spain, where the country's finance ministry says 30% of banks are at risk of needing assistance.

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