|Bid||8.680 x 2500|
|Ask||8.690 x 4900|
|Day's Range||8.410 - 8.690|
|52 Week Range||6.400 - 11.750|
|PE Ratio (TTM)||14.42|
|Dividend & Yield||0.08 (0.97%)|
|1y Target Est||N/A|
International investors have launched legal action against the European authorities that oversaw the failure of Banco Popular, in the latest attempt to overturn the decisions that led to the bank's sale ...
A group of bondholders in Banco Popular have filed challenges to European regulatory decisions that put the Spanish bank in resolution on June 7 and led to Santander’s immediate purchase of the hastily restructured entity for €1. The group, which includes Anchorage Capital, Algebris and Ronit Capital as well as pension funds and other investors, want the Single Resolution Board’s decision to be annulled and the European Commission’s swift endorsement of that decision to be overturned.
Spanish bank Santander has sold control of property worth 10 billion euros ($12 billion) to U.S. investor Blackstone Group, following its rescue of Banco Popular. The biggest property sale in Spain comes amid renewed investor enthusiasm with prices gradually recovering following Spain's property and financial crash. The deal will involve the creation of a new company where Blackstone owns 51 percent and Banco Popular the remainder, buoying Santander's capital.