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Transcripts For BLOOMBERG On The Move 20140804

We are here in london. I am guy johnson. What do we have coming up . Ready for recovery . Legal woes may be a thing of the past for hsbc. The bank reports results in about 15 minutes. We will bring you those numbers as we get them. Ppi could still be a big problem. We are going to talk about that. We are taking you to our top story. Portugal is taking control of boko a spirit of center Banco Espirito santo. Mark is here with the details. A lot of money. How is it being spent . It is being spent by the bank of portugal, the central bank. Up Resolution Fund was set in 2012, financed by the countrys 84 banks. They will take over the bank as a whole. Suspended shares on friday. It will move most of the assets and put it into this new bank, baank , which is new bank. It will use the proceeds when it sells the bank to pay off the treasury. So the
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