|Bid||1.035 x 1239200|
|Ask||1.048 x 4019500|
|Day's Range||1.025 - 1.048|
|52 Week Range||0.528 - 1.169|
|PE Ratio (TTM)||14.97|
|Dividend & Yield||0.03 (2.36%)|
|1y Target Est||N/A|
Spain's biggest bank Santander or state-owned lender Bankia are most likely to step in to save troubled Banco Popular, sources familiar with the talks told Reuters, although a deal is still far from guaranteed. Popular is racing to find a merger partner after Spanish Economy Minister Luis de Guindos closed the door on Thursday to a potential bailout with public money, while a capital increase is facing resistance from the bank's existing shareholders.
Several Spanish banks, including state-owned Bankia, have shown interest in a potential merger with Banco Popular, as its new management considers options for how to cope with billions of euros in toxic assets. Popular's new chairman Emilio Saracho, brought in in February, has said he would consider a merger as the solution to the bank's 37 billion euros ($41 billion) of non-performing real estate assets, the highest among Spanish banks.
MADRID (AP) — Spain's National Court recommends former IMF chief Rodrigo Rato and 31 others should stand trial for fraud and falsifying financial statements in relation to the 2011 flotation of Bankia savings bank, which was later bailed out.