Sovereign Bancorp

Taking advantage of the collapse of the financial system in the United States, several sources have said that Banco Santander is in negotiations to acquire full control of Sovereign Bancorp,the last major bank loans and savings that remains in the country.

Although nothing is yet confirmed by the parties, the agreement, which could be announced in the early days of this week, which includes Santander will pay about 3.81 dollars per share, a value that was hit last Friday at the close of the Securities of New York.

As we said, none of the companies has made statements, but confirmed the purchase and value offered by the Spanish bank, the total value of U.S. bank reaches 2.53 billion dollars, based on the shares accounted for until July 21 .