Sovereign Bank parent says it remains financially solid; but analysts see potential for risks ahead
The Spanish parent of Boston-based Sovereign Bank has been battered by the European economic crisis in recent months, but insists it remains financially strong and doesn’t need a bailout. Banco Santander’s stock price has fallen by half over the past year amid growing concerns about financial and economic problems in Spain, where the bank is based, and fears of a possible global recession. Shares closed at $6.11 Friday down from a high of nearly $12 a share last July.
For more from BostonGlobe.com, sign up or log in below
To continue, please sign up or log in to BostonGlobe.com
Access the full articles and quality reporting of The Boston Globe at BostonGlobe.com
Sign up
Unlimited Access to BostonGlobe.com for 4 weeks for only 99¢.
Are you a Boston Globe home delivery subscriber?
Get FREE access as part of your print subscription.
BostonGlobe.com subscriber
Click to continue reading this article or to log in to BostonGlobe.com.
