|Day Low/High||4.88 / 4.98|
|52 Wk Low/High||5.01 / 7.57|
Global central bankers have taken the world of global finance down a perilous path.
The case was brought against Santander by four Maryland residents who defaulted on car loans.
European stocks rose Thursday while London fell as a general election and the latest ECB decision took centre stage for investors.
Italy's larger banks are mulling a plan to offer support for two of the country's smaller lenders just days after European officials pushed for the rescue of Spain's fourth-largest bank.
Stocks wade further into the green on Wednesday afternoon after former FBI director James Comey's prepared testimony is made public.
The ECB has adopted a so-called "resolution decision" on the struggling Spanish lender Banco Popular.
European stocks were mixed at the close of Wednesday's session ahead of a key date for both the U.K. and eurozone.
Stocks move cautiously higher on Wednesday as investors wait for direction from a number of market-churning events on Thursday and a major selloff in crude kneecaps indexes.
Italy's Banco BPM is another European lender that could face pressure from regulators over a high non-performing loan burden in the wake of Spain's Banco Popular rescue, analysts have said.
The European Central Bank said Wednesday it adopted a so-called "resolution decision" on Banco Popular and ordered the transfer of all of its shares and capital to Banco Santander.
Stock futures are in a holding pattern again on Wednesday as investors cautiously wait for direction from a number of market-churning events on Thursday.
U.S. stock futures on Wednesday are flat to higher, while European shares gain ahead of U.K. elections and Thursday's ECB meeting.
Spanish bank stocks gained in the wake of the ECB's arranged rescue of Banco Popular by Banco Santander Wednesday as investors bet that a consolidation could improve sector profitability.
It comes just 24 hours ahead of both an ECB policy decision and the British election. How much that matters, I'll let you know in 48 hours.
ECB Orders Rescue of Spain's Banco Popular
European stocks turned positive Wednesday after the arranged rescue of Spain's Banco Popular hit sentiment as investors prepare for U.K. elections and testimony from former FBI Director James Comey.
Investors Await Former FBI Director James Comey's Testimony
European stocks slip as Spanish bank rescue hits investor sentiment.
European stocks slipped Monday as investors digested the latest terror attack in the U.K., continued concern over Spanish banks and a series of poorer-than-expected economic bulletins.
Concerns on Spain's banks resurface.
But even if auto lending losses rise, it won't affect the new iShares consumer loan ETF.
Investigators are trying to determine if the banks coordinated bids to lower prices and raise yields for holders, costing the government and companies in higher interest rates.
U.S. auto lending has surged in recent years to a record $1.1 trillion, partly fueled by low interest rates and low downpayment requirements. Now delinquencies are starting to rise.
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