Spain's largest lender Banco Santander said on Monday it will pay almost 1 ...
FILE PHOTO: The logo of insurer Allianz SE is seen on the company building in Puteaux at the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau
Banco Popular, saddled with debt, became the first bank to be wound down using new European rules aimed at avoiding taxpayer funded bailouts and was sold to Santander for a nominal one euro in June 2017. Allianz Popular owned life insurance group Allianz Popular Vida, asset management group Allianz Popular Asset Management and Allianz Popular Pensiones.
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