Banco Popular: the eurozone finally gets a bank rescue right

Regulators have pushed Spain’s moribund Banco Popular into the arms of its giant rival Banco Santander.

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Banco Popular: pushed into the arms of Banco Santander
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Europe has at last got a bank rescue right, says Lionel Laurent on Bloomberg. Regulators have pushed Spain's moribund Banco Popular "into the arms" of its giant rival Banco Santander, which will now tap shareholders for €7bn in capital to bolster Popular's balance sheet after scooping it up for €1.

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Alice grew up in Stockholm and studied at the University of the Arts London, where she gained a first-class BA in Journalism. She has written for several publications in Stockholm and London, and joined MoneyWeek in 2017.