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October 12, 2008 · 9:20PM

Banco Santander, Sovereign Bancorp Explore Merger

Spain’s Banco Santander is reportedly in advanced talks to acquire Sovereign Bancorp for $2.53 billion.  Santander currently owns a 24.9% stake in the U.S. thrift, which has been hard hit by rising loan defaults. (WSJ)

Categories: Business & Finance Today

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