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Sovereign poverty fund

9 May 2008 By Fiona Maharg-Bravo

After buying 25% of Sovereign for $2.9bn, the Spanish bank may have to inject another $1bn $2bn to keep the struggling US bank afloat. It s embarrassing, but Santander has little choice. And Santander is big and strong. To it, Sovereign is only a midsized problem.

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