Banco Popular Taken Over by Santander

The video discusses the acquisition of Popular by Santander, focusing on the financial implications and market position changes. Santander is set to become the largest bank in Spain and Portugal. The acquisition includes Popular's deposit base and property portfolio, raising concerns about the legacy real estate issues. The impact on Popular's retail business and customer confidence is also examined.

What was the financial state of Popular's tier one assets?

• They were valued at €1.00

• They were unaffected

• They were written down to zero

• They increased in value

What market share does Santander expect to achieve in Spain after acquiring Popular?

• 25%

• 15%

• 10%

• 30%

What is the main concern for Santander's shareholders regarding the acquisition?

• The deposit base

• The property portfolio

• The retail business

• The SME business

How has Popular's retail business been affected by the acquisition?

• It has expanded rapidly

• It has experienced a drop in deposits

• It has remained stable

• It has seen an increase in deposits

What efforts has Popular's chairman made to reassure customers?

• He has reduced service fees

• He has promised higher interest rates

• He has pushed staff to convince customers of the bank's stability

• He has offered new financial products