Tags: Spain

Bids Filed for Catalunya Banc

Three major banks interested in purchasing Catalunya Banc Three Spanish banks have placed bids on Spanish lending giant Catalunya Banc. The nationalized lender is being sold and the non-binding bids were submitted by Santander, Sabadell and Popular.


Vulture funds smell blood from Spanish bank woes

A flock of "vulture" funds is gathering in Madrid in the hope that a banking sector shakeout will finally deliver a bonanza of real estate and distressed company assets at rock bottom prices.


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