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Europe Daily Bulletin No. 12449

19 March 2020
Contents Publication in full By article 24 / 28
ECONOMY - FINANCE - BUSINESS / Banks
Resolution for Banco Popular – saga ends without compensation to former shareholders
Brussels, 18/03/2020 (Agence Europe)

The Single Resolution Board (SRB), the European agency responsible for resolving major banks in the euro area, put the final touches in places to the saga of the Banco Popular bank rescue on Wednesday 18 March. After almost 3 years, it decided not to compensate former shareholders and creditors of the Spanish bank, being of the opinion that normal insolvency proceedings would have been more costly.

The decision to resolve the sale of the bank on 7 June 2017 (see EUROPE B11803A9) has been...

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EU RESPONSE TO COVID-19
SECURITY - DEFENCE
EXTERNAL ACTION
ECONOMY - FINANCE - BUSINESS
SECTORAL POLICIES
NEWS BRIEFS