Christopher Spink tracks financial restructuring, principally of banks and sovereigns, as assistant editor for International Financing Review. He also covers investment banking strategy and regulatory developments as part of IFR’s People & Markets team. Previously he has written about M&A at Thomson Reuters and fast-growth businesses as head of research at Growth Company Investor. He also wrote "How to invest when you don’t have any money" when at investment website The Motley Fool.
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Former investors in Banco Popular, the Spanish bank bought by Santander for €1 in a rescue deal in June, have had their attempts to obtain documents blocked by the European authorities and are considering their next steps in seeking compensation.
Norske Skog said an agreement has been reached between its shareholders and two main creditor groups to recapitalise the ailing pulp and paper producer, seemingly bringing the long-running dispute to an end.
Rudolf Bohli’s call to break-up Credit Suisse and spin off its investment bank could build support from other activist investors and might lead to similar campaigns at other major European banks.