JUN 7, 2017
ORIGINAL SOURCE: Spain's Santander rescues Banco Popular from collapse by Jesús Aguado and Francesco Canepa of reuters.com on 6/7/17
Spain's biggest bank Santander is rescuing Banco Popular for a one euro. Bond holders loses billions and share holders took the biggest haircut, they lost everything. Of course Mario Draghi's ECB blames them for lack of liquidity. Will see if this turns into banking domino effect for the eurozone.
Please read the rest here; Spain's Santander rescues Banco Popular from collapse