Banco Santander SA has acquired Banco Popular Espanol SA in an overnight auction for the notional amount of EUR1 after the European Central Bank determined that Spain's No. 6 bank by assets was “failing or likely to fail.”
Banco Santander SA has acquired Banco Popular Espanol SA in an overnight auction for the notional amount of EUR1 after the European Central Bank determined that Spain's No. 6 bank by assets was “failing or likely to fail.”