BPCE Bets on Portugal With Novo Deal as France Faces Strains

French lender BPCE took full control of Novo Banco on Wednesday, expanding its exposure to Portugal’s growing economy as its home country struggles with the widest budget deficit in the...

By Claudia Cohen, Henrique Almeida · Bloomberg

French lender BPCE took full control of Novo Banco on Wednesday, expanding its exposure to Portugal’s growing economy as its home country struggles with the widest budget deficit in the region.