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 Europe's Largest Bank Stock Suspended, Admits Need For $8.9 Billion Capital Raise

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Europe's Largest Bank Stock Suspended, Admits Need For $8.9 Billion Capital Raise Vide
PostSubject: Europe's Largest Bank Stock Suspended, Admits Need For $8.9 Billion Capital Raise   Europe's Largest Bank Stock Suspended, Admits Need For $8.9 Billion Capital Raise Icon_minitimeFri Jan 09, 2015 9:31 pm
All is clearly not well below the surface. Europe's largest bank (by market value) has admitted in a regulatory filing that it needs to raise capital. As WSJ reports, Banco Santander SA said it would raise up to €7.5 billion ($8.88 billion) in a capital hike, a bid to address long-running concerns among investors and analysts that its financial cushion was weaker than peers. European banking stocks are up over 2% today as Italian banks surge
limit up (BMPS +13%) on speculation that they will be purchased by Santander (who 'pumpers' believe are raising this capital to go on a spending spree) and 'old' Draghi headlines.

http://www.zerohedge.com/news/2015-01-08/europes-largest-bank-stock-suspended-admits-need-89-billion-capital-raise
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Europe's Largest Bank Stock Suspended, Admits Need For $8.9 Billion Capital Raise

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