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EquityEquity - Follow-ons and Rights issues

Citigroup and UBS to lead €7bn Santander rights issue to recap Banco Popular

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With the Credit Suisse rights issue closing this week and the completion of cash calls by Deutsche Bank, UniCredit and Millennium BCP earlier in the year, the latest wave of big bank recapitalisations looked like it was drawing to a close, until dramatic news on Wednesday this week.

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