Banco Popular ousts chairman, BBVA merger in view?

ReutersNewsPublished: December 1, 2016Updated: December 3, 20162 views
Published: December 1, 2016Updated: December 3, 2016

Banco Popular, regarded as the weak link in Spain's banking sector, is to replace Chairman Angel Ron after shareholders rebelled over his lacklustre progress in cleaning up 30 billion euros in toxic assets. As David Pollard reports, Popular's shares rose following the announcement and after a report that the bank was in talks over a possible merger with BBVA.

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