trending Market Intelligence /marketintelligence/en/news-insights/trending/FsQKu8pAlqAP7OaPQdojlw2 content esgSubNav
In This List

Spanish consumer group files lawsuit in European Court of Justice over Popular

Blog

Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations

Podcast

Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)

Blog

Banks’ Response to Rising Rates & Liquidity Concerns


Spanish consumer group files lawsuit in European Court of Justice over Popular

Spanish consumer group OCU said Aug. 8 that it filed a complaint in the European Court of Justice against the resolution of Banco Popular Español SA and subsequent sale to Banco Santander SA.

The complaint is against the Single Resolution Board, which supervises the winding down of banks in difficulty, and aims to have Popular's sale annulled. It joins several other complaints filed at the European Court of Justice by disgruntled Popular investors.

The OCU has also lodged complaints in Spain.

Popular was sold to Santander for €1 on June 7 after European authorities said it was "failing or likely to fail."