Santander Could Swallow Sovereign

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Santander Could Swallow Sovereign

Source: TheStreet
URL: http://www.thestreet.com/story/10416119/1/santander-~

Recommend this article Recommend it A rumored capital injection could put Banco Santander STD in control of Sovereign Bancorp SOV . Citing unnamed sources, The Wall Street Journal reported Friday morning that Sovereign was planning on raising $1.5 billion in capital. The Journal's piece also speculated that Banco Santander could quickly pony up a major investment in Sovereign's common stock. Under the 2005 agreement that saw the Spanish bank take a 24.4% stake in Sovereign, Santander would need to pay $40

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