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So far nobody has stepped up to throw more good money after bad.
The bank has said previously it could extend a June 10 deadline for binding takeover offers. Meanwhile, the government urged citizens to keep "complete calm", and not to sell because, get this, the bank "passed its stress tests." Alas, "passing stress tests" did not help either Bankia or Dexia, two other famously insolvent European banks.
From Reuters: The solution for troubled Spanish lender Banco Popular is either a capital raise or a sale, a spokesman for Spain's government said on Friday, adding that it was not worried about the situation." (Popular) passed its stress tests ...
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Open architecture and its benefits for investors are amongst the most eye-catching results from the first in a series of Clearstream and Funds Europe reports, just published, "What's next for funds?
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