Spain’s hemorrhaging Banco Popular bought by Santander for €1

banco popular spain santander

Santander has bought Banco Popular for €1 [Getty]

 

BANKING heavyweight Santander has agreed to buy toxic lender Banco Popular for just €1, saving the giant from total collapse.

Spain’s biggest bank must now inject around £6.1billion worth of cash into the bankrupt lender to cover its book of disastrous property loans.

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