We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

American siesta

7 February 2008 By Antony Currie

The Spanish bank s 25% stake in Sovereign Bancorp was controversial two years ago. Now it has taken a $1.1bn writedown. And the terms of the deal limit its ability to snap up other US targets. Given the Sovereign botch, Santander s shareholders might see that as a silver lining.

This content is for Subscribers only

or
If you need assistance please email breakingviews.clientsupport@thomsonreuters.com
 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)

We need you to verify your email address to continue. Please check your email/junk folder for our verification request.

Click here to resend the verification email.