Banco Santander

Business • Economy
Spanish bank Santander buys Wirecard's core business after bankruptcy
Spanish bank Santander buys Wirecard's core business after bankruptcy
Credit: Kaethe17 / via Wikimedia Commons (Creative Commons Attribution ShareAlike 4.0)

Wirecard's insolvency administrator Michael Jaffé has stated in a press release that they have "been able to successfully conclude the investor process for Wirecard's core business despite the most unfavorable conditions" by selling Wirecard's core business to the major Spanish bank Santander, They have acquired the European core business of the payment service provider Wirecard specifically the technology platform in Europe and all the assets necessary for it.

Business • Economy
Spain: CaixaBank and Bankia merger blessed by shareholders
Spain: CaixaBank and Bankia merger blessed by shareholders
Credit: CaixaBank

Spanish banks CaixaBank and Bankia teams agreed to a merger that would create an entity with total assets of about 665 billion. Reuters reports that sources close to the deal confirmed the main shareholders greenlight the merger, to be signed in the next few days.

The new bank would surpass Santander and BBVA in the Spanish market with a combined market share of around 30%. Both Santander and BBVA would remain bigger globally, but not in Spain.

Transportation • Air Transportation & Traffic, Flying
Embraer in talks for a $600 million financing
Embraer 190
Embraer 190 Credit: Antônio Milena/ Agência Brasil

Planemaker Embraer is negotiating to obtain $600 million in credit lines led by Brazil’s state development bank BNDES. According to Brazilian government sources the deal should be closed in June and Bradesco, Santander, Itaú, Citibank, Morgan Stanley and Natixis will also be involved in the financing.