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Santander US unit needs to hand over documents in Popular case

Oct 09, 2019 - SNL Financial

A U.S. court upheld an appeal over key documents regarding the winding down and firesale of Banco Popular Español to Santander.

The U.S. asset management unit of Banco Santander SA will have to hand over documents related to the winding down and subsequent fire sale of Banco Popular Español SA to Santander, according to a ruling by a U.S. appeals court, giving a potential boost to ongoing legal proceedings in European courts.

The court, however, upheld a decision that Santander and...