Low Bids Prompt Cancellation Of Spanish Bank Auction

06 Mar 2013

Fondo de Restructuración Ordenada Bancaria, the Spanish bank restructuring fund, is said to have canceled the auction for Catalunya Bank because the bids it received were below FROB’s expectations, though the fund offered no explanation for its decision.

Fondo de Restructuración Ordenada Bancaria, the Spanish bank restructuring fund, is said to have canceled the auction for Catalunya Bank because the bids it received were below FROB’s expectations, though the fund offered no explanation for its decision.

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