Tuesday

17th Oct 2017

Ticker

Banco Popular saved from collapse by rival

Spanish bank Banco Popular was rescued from collapse on Wednesday by its larger Spanish competitor, Santander, after the European Central Bank had found that Banco Popular was “failing or likely to fail”. Banco Popular will continue to operate under “normal business conditions”, the EU’s Single Resolution Board said in a statement. The purchase price paid by Santander for the shares and capital instruments of Banco Popular was €1.

New privacy rules tilted to industry, says NGO

The European Commission's reform of the e-privacy regulation to ensure confidentiality of online messages against industry interest has now swayed in favour of big tech firms, says NGO.

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