Spain’s Banco Popular Said to Study Measures to Boost Liquidity
(Bloomberg) -- Lender reviewing how to bolster liquidity after a drain from deposit withdrawals and a deterioration of its credit, according to people familiar with the matter.
- The Madrid-based bank, racing to sell assets and find a buyer, plans to meet Tuesday with the European Central Bank to discuss options, the people said, asking not to be identified as the plans are private.
- Popular may request additional central bank loans, one of the people said.
- A spokesman for Popular said the bank won’t confirm or comment on its meetings with the ECB, which have no specific agenda.
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HALISTERSource: BFW (Bloomberg First Word)
Tickers POP SM (Banco Popular Espanol SA)
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