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Why Santander rescue of Banco Popular is a European test case

Page created: Wednesday, 7 June 2017 15:03 GMT

Thematic
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banco popular   EU  Portugal  Santander

Spain’s Banco Santander said it would acquire its struggling rival Banco Popular for a symbolic €1 on Wednesday in a deal engineered by Europe’s new bank resolution authority that imposes heavy losses on shareholders and bondholders.