As Banco Santander SA scrambles to raise funds by shedding assets abroad, it faces a backlash at home from angry customers saddled with some €4 billion ($5.2 billion) of paper losses on risky bonds the bank sold four years ago to fund a landmark takeover.
Hundreds of customers who purchased the bonds, which will automatically convert to common shares in October 2012, say Santander's bankers failed to spell out the investment's risks, according to consumer groups, plaintiffs' lawyers and regulatory complaints.
Spain's securities regulator said in an October report that it detected irregularities, including sales of the bonds
1 comentario:
El tema se calienta y bastante, la nota viene de USA. ZP indultó a Alfredo Saénz .... ahora muchos entenderéis que me pasó. Si Don Emilio Botín (que no es culpable de nada) quiere linpiar la Imagen del Banco, tiene que hacer como el Pueblo Español, una limpia total. Quedarse con Ana Patricia y todos los demás nuevos. Yo volveré algín dia a Banesto, para limpiar mi imagen y ayudar a esa limpia.
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