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Stock Market & Financial Investment News

News Breaks
March 25, 2013
06:02 EDTITUB, BBVA, SANSpain to impose heavy losses on investors, bondholders, WSJ reports
As part of efforts to overhaul its financial sector, the Wall Street Journal reports that the Spanish government will impose heavy losses on investors at nationalized banks and hire external advisers to help it manage these banks' assets. Reference Link
News For SAN;BBVA;ITUB From The Last 14 Days
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May 14, 2015
06:57 EDTSANSources: HSBC could pick preferred bidder for Brazil unti by June, Reuters says
HSBC (HSBC) is set to receive binding offers for its Brazilian unit as early as June, at which time it may select a preferred bidder for the struggling unit, Reuters reports, citing three sources. Bids for the unit may not surpass book value, which is estimated at about $3.34B right now, the sources say, adding that Banco Bradesco (BBD), Banco Santander Brasil (SAN) and Grupo BTG Pactual had access to the unit's preliminary documents. Reference Link

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