Popular bondholders will not be compensated, says SRB

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Popular bondholders will not be compensated, says SRB

David Freitas
March 18, 2020 02:00 pm
BPE_PA_575x375
The headquarter of Banco Popular Espanol, photographed in Madrid on 15.04.2013. Photo: Fabian Stratenschulte | Fabian Stratenschulte/DPA/PA Images

The Single Resolution Board found this week that investors in Banco Popular would not have been any better off had they been put through an insolvency rather than a resolution. Creditors and shareholders will therefore not receive any compensation.

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