The bailout of the Spanish bank Banco Popular, which is seen as the first full-scale test of the European banking resolution instruments and has attracted broad media attention, may end up being the subject of legal proceedings.
On 17 August, three of the largest creditors of Banco Popular - Algebris, Anchorage Capital Group and Ronit Capital - brought a complaint to the Court of Justice of the European Union against the European Commission and the Single Resolution Board, calling for the...