Banking
Sunday May 11
Sovereign: No talks with Santander
“They cannot increase their shareholdings without the company asking to go forward, and we have not asked.”
The chairman of Sovereign Bancorp Inc. on Thursday said the company has not been in talks with its largest shareholder about an increase in its stake in the Wyomissing financial-services firm. via Reading Eagle/Reading Times
Posted by roboblogger
Full Story: Reading Eagle/Reading Times
Complete Coverage: 3 stories
- Market Watch - Sovereign set to raise $2 billion in new capital: report
- MarketWatch - Sovereign may raise $2 billion
- Providence Business News - Sovereign seeking $1B to $2B cash infusion
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