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Santander plans to create fund to invest in bad debt
StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk – Episode 69: Banks left with pockets full of cash and few places to go
Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them
Street Talk Episode 66 - Community banks tap the debt markets while the getting is good
Banco Santander SA is planning to create its own fund to invest in bad debt to compete against funds that specialize in that type of investment, financial daily Expansión reported Oct. 22.
The bank plans to start its own fund with its own capital that would invest in nonperforming loans from financial institutions, the paper said. The lender wants to make the move after hiring World Bank expert Josep Julià as a senior adviser, the report added.