Shock Waves Spread from Spain’s New Banking Crisis

The shares of Spain’s sixth biggest bank, Banco Popular, plunged 36% this week to €0.43, causing senior officials of the ECB to warn that the bank could be wound down if it fails to find a buyer. Should that happen, it would be the first major test of the ECB’s bail-in regime for depositors and also investors of the bank’s €1.25 billion Co-Co bonds.

Full article: http://wolfstreet.com/2017/06/03/shock-waves-spread-from-spains-new-banking-crisis/

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