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Stock Market & Financial Investment News

News Breaks
May 17, 2012
07:42 EDTBBVA, STD, BBD, BSBR, BFRMoody's to downgrade Spanish banks today, Bloomberg says, citing Expansion
News For BBVA;STD;BBD;BSBR;BFR From The Last 14 Days
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July 30, 2014
07:58 EDTBSBRFiling reveals Santander Brasil in discussions with Bonsucesso, Reuters says
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July 22, 2014
06:15 EDTBBVABanco Bilbao wins auction to buy Catalunya Banc for EUR1.19B
The Management Commission of the Banking Restructuring Fund has accepted BBVAs bid in the competitive auction for the acquisition of Catalunya Banc S.A. As a consequence, BBVA has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100% of the shares of Catalunya Banc to BBVA for the price of up to EUR1.19B. Closing of the sale and purchase transaction will be subject, among others, to the obtaining of the relevant administrative authorizations and approvals and to the effective closing of the transaction announced by Catalunya Banc to the market on July 17 whereby Catalunya Banc will transfer to an asset securitization fund a loan portfolio with a nominal value of EUR.6.4B.

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