Bloomberg View, (2017), “Europe (Finally) Shows How to Deal With a Failing Bank”, 8 Ιουνίου
Credit where credit’s due: The sale for 1 euro of Banco Popular Espanol SA, a failing Spanish bank, to rival lender Banco Santander SA shows how the euro zone should handle such cases. The regulators acted swiftly and fairly. Global markets barely noticed. This is a model for future interventions.
Banco Popular’s troubles date back to Spain’s real-estate crisis, which left the lender with 37 billion euros in nonperforming loans. The bank reported a 3.6 billion-euro loss for the last financial year, spooking investors and leaving regulators looking for a solution.
- Philippon, Thomas, Salord, Aude, (2017), «New ICMB/CEPR Report: Bail-ins and Bank Resolution in Europe», Vox Eu, 22 Μαρτίου
- Honohan, Patrick, (2017), «Management and Resolution of Banking Crises: Lessons from Recent European Experience Patrick Honohan», PIIE, Ιανουάριος 2017