Shares in Banco Santander and Credit Suisse were unchanged, while Deutsche Bank slid 2.5% by 6:21 PM.
FORBES: Greece In Default Once Again On Troika-Imposed Bond Buyback, S&P Says
Bernardo oversees the family's other assets including their stake in Banco Bice, where he is president, and electric utility Colbun.
In Spain, Banco Bilbao Vizcaya Argentaria fell 2.65% and Banco Santander dropped 2.2%, while the benchmark IBEX 35 index dropped 1.6% to 8353.60.
They were hit hard by the high interest rates of recent years, and many are heavily in debt to Banco do Brasil, the government-owned bank that has traditionally been the main source of farm loans.
More recently, in 2010, Santos made headlines again after his Banco Panamericano SA was caught in an accounting fraud scandal which required him to make a trip to the capital in Brasilia to ask for help from then-President Lula da Silva.
FORBES: Meet TV Star Silvio Santos, Brazil's First Ever Celebrity Billionaire
His Elektra chain was the first retailer to enter the business when it opened Banco Azteca in 2002.
In January it purchased Banco BMC, a bank that lends to civil servants.
In the event, Banco Opportunity did not bid for Tele Norte Leste, which was bought by Telemar, a ramshackle group of local investors.
The state of Banco CAM in particular has fuelled doubts about the credit quality of other lenders and hurt the Bank of Spain's reputation for tight supervision.
ECONOMIST: Spain��s worst banks get a new owner: the taxpayer
The New York Stock Exchange ruled that the proposed acquisition of a 19.8% stake in Sovereign Bancorp by Banco Santander Central Hispano did not need the approval of Sovereign's shareholders.
Shares in European financials like Banco Santander and Deutsche Bank were up more than 4% on Thursday, while global U.S. banks like JPMorgan Chase, Citigroup, and Morgan Stanley surged.
In the Covestor Sizemore Investment Letter Model , I took positions in Spanish banking giants Banco Santander (NYSE: SAN) and BBVA (NYSE:BBVA), and my timing on these trades was better.
On a more serious note, Federico Sturzenegger, president of the Banco Ciudad bank in Buenos Aires, said the new pope could help bridge gaps between Argentines.
Once again Gilinski applied the true and proven formula that had worked so well with BCCI: restructuring Banco de Colombia in private equity fashion and then progressively selling their stake.
FORBES: Colombian Banking Star Gilinski Joins The Ranks Of The Uber Rich
Trading in shares of Bankia and Banco de Valencia were suspended for the day on the Madrid stock exchange, to give investors time to digest the details of the announcements.
At the time, few knew of a Bank of Spain investigation into secret accounts kept by Banco Bilbao Vizcaya in Jersey, Liechtenstein and Switzerland before it merged in 2000 with Argentaria, formerly state-owned.
He's replaced the division's management and is winding down the mortgage services business "very radically" but adds that he still sees some "good development opportunities in the U.S." One is the Hispanic community, building on HSBC's status as Mexico's fourth-largest bank (it bought Banco Internacional there in 2002) and the largest in Central America.
He did the same thing with Banco Colombia, bringing in George Soros as an investor.
FORBES: All You Ever Wanted to Know About Latin America's Billionaires
Four years ago, a friend asked her if she was interested in receiving a loan from Compartamos Banco.
It already has Banco de Oro ATMs in its malls, helps finance its suppliers and issues a credit card to customers, but it sees a larger deal as a way to become even further entrenched.
Hoping to use the Banco Palmas model as a successful guide for other low-income communities throughout Brazil, the inhabitants of Conjunto Palmeira developed the Instituto Banco Palmas, which partnered with the National Secretariat of Solidarity Economy and the Banco Popular do Brasil in 2005.
FORBES: Alternative Models For Community Development Emerge Far From Rio's Bright Lights
For Jean Sassus of Raymond James Euro Equities, it's also doubtful that a merger would really result in long-term gains, such as those achieved when Spain's Banco Santander made when it took over Abbey National in Britain.
At Banco Azteca we are confident in our operation because of geographical diversification, as well a high level of fragmentation of credit and debit accounts ...
Part of that new evidence is testimony given in 2004 and 2005 during inquiries in Rome into the murder in June 1982 of Roberto Calvi, Banco Ambrosiano's chairman, just before the bank's collapse.
Spain's banking sector may have proven relatively resilient so far, with Banco Santander even making acquisitions in the current environment, but the Spanish press claimed on Monday that the government was now considering buying bank and savings-bank debt to offer support.
The Bank of Social Technologies (BTS in Portuguese) is a database that includes over 600 technologies certified under the Banco do Brasil Foundation Award for Social Technology, since its first edition in 2001.
Last week, we learned that Spanish banks Santader and Banco Bilbao were among the strongest in Europe according to EU stress testing.
The collection of the Banco do Brasil Foundation allows searches in the following areas: food, education, energy, housing, environment, water resources, income generation and health.
That would also further jeopardize the RBS bid, since it would require all three banks to once again confer about adjusting their offer and could particularly put off Banco Santander, which is interested in ABN's Latin American assts.
应用推荐