
Banking and Financial Law Banco Popular: Stocks and Bonds
Specialized in Banking and Financial Law
Cuando se compra una vivienda existen una serie de gastos que hay que tener en cuenta, puesto que son adicionales al precio de venta. En este artículo, les explicamos cuales son los gastos en la compraventa de una vivienda. bbsabogados.com/gastos-de-comp…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 7 days ago
Desde BBS Abogados tenemos la satisfacción de aparecer esta semana en La Vanguardia hablado de la falta de transparencia en la comercialización de las famosas Tarjetas Revolving. bbsabogados.com/tarjetas-revol…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 1 week ago
Se puede reclamar la nulidad de la fianza solidaria de los créditos ICO. bbsabogados.com/reclamar-aval-…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 1 week ago
Bbs Abogados en La Vanguardia lavanguardia.com/economia/bolsi…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 1 week ago
En este artículo les explicamos como distinguir un préstamo o donación entre familiares. bbsabogados.com/prestamo-o-don…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 2 weeks ago
Tanto el contrato de arras como el contrato de alquiler con opción a compra son contratos previos a la compraventa de un inmueble. Dependiendo de nuestros intereses, nos puede interesar más un contrato u otro. En este artículo se lo explicamos. bbsabogados.com/contrato-de-ar…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 3 weeks ago
Se puede reclamar la nulidad de una cláusula suelo aunque la hipoteca esté cancelada, puesto que no existe ninguna previsión legal según la cual la consumación o extinción del contrato impida la declaración de nulidad de una cláusula abusiva. bbsabogados.com/reclamar-claus…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 3 weeks ago
Muchos deudores piensan que no podrán acogerse a la Ley de Segunda Oportunidad, por ser su deuda demasiado elevado. Sin embargo, esta Ley permite exonerar hasta una deuda máxima de 5 millones de euros. bbsabogados.com/deuda-maxima-q…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 1 month ago
La mayoría de clientes que contrataron una tarjeta de crédito con Citibank, se encuentran con una deuda que no disminuye, a pesar de pagar la cuota de la tarjeta. La causa de ello es la combinación del sistema «revolving» con los altos intereses. bbsabogados.com/por-que-la-deu…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 1 month ago
Desde BBS Abogados, les asesoramos y acompañamos durante todo el procedimiento de Segunda Oportunidad, para que usted tenga la seguridad y la tranquilidad de estar en las mejores manos posibles. No dude en contactar con nosotros. bbsabogados.com/que-deudas-pue…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 1 month ago
BBS Abogados ha obtenido una nueva sentencia favorable de Hipoteca Multidivisa. Es un caso muy particular, puesto que el juez ha declarado la nulidad de tres Hipotecas Multidivisa de Bankinter, pese a los 6 cambios de divisa realizados por el cliente. bbsabogados.com/nulidad-de-hip…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 1 month ago
Cuando la ejecución hipotecaria se realiza sobre la vivienda habitual, existen ciertas particularidades en beneficio de los deudores hipotecarios. bbsabogados.com/ejecucion-hipo…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 2 months ago
Cuando un cliente acude a nuestro despacho interesándose por la Ley de Segunda Oportunidad, en función de las características de su caso ya podemos hacer una previsión de la duración del procedimiento. bbsabogados.com/cuanto-dura-el…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 2 months ago
En este artículo les explicamos cómo convertir un local en vivienda y qué trámites deben realizarse. bbsabogados.com/como-convertir…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 2 months ago
Los consumidores que tengan una Tarjeta Visa & Go de Caixabank, tienen derecho a reclamar los intereses de la tarjeta. La TAE de esta tarjeta oscila entre el 27% y el 29%, lo cual es a todas luces usurario. bbsabogados.com/reclamar-tarje…
— BBS Abogados. Arcadi Sala-Planell @(BBSABOGADOS) 2 months ago
Banco Popular stocks and bonds
What are Banco Popular Convertible Bonds?
The controversies and controversy with Banco Popular is due both to its shares and to convertible bonds. Convertible Bonds are hybrid fixed-income products that entities regularly use to finance themselves. They are offered to the client as a fixed income product, and upon maturity they must be convertible into shares of the entity.
These are complex products, classified as such by the legislation itself, which should be the subject of clear and extensive information from the entity to its client.
BONUSES I / 2009 exchanged for BONUSES II / 2012
In 2009, Banco Popular placed 700 million euros in debt, in the Banco Popular Subordinated Bonds product, which combined fixed and variable profitability. These bonds had a maturity of 4 years –in 2013–, when they would be exchanged for shares, becoming a variable income investment.
To make the issue attractive, Banco Popular offered an initial remuneration of 7%. However, it did not offer clear and understandable information about the risks of the operation, and above all, what happened at the time of the “conversion” into shares, the price conversion rate, and the potential for the customer to lose their initial investment.
In May 2012, Banco Popular carried out a new issue for I / 2009 Bond holders, hiding their economic reality. The Bank made an “exchange offer” of the old I / 2009 Bonds for the new II / 2012 Bonds, just to buy time and prevent clients from discovering that they were losing their savings.
II / 2012 BONDS maturing November 25, 2015.
Faced with this situation, for another three years, 95% of the holders of the I / 2009 Bonds exchanged them for the new “Subordinated Bonds mandatorily convertible into Banco Popular shares, II / 2012”.
Consequently, November 25, 2015 was the day on which the mandatory exchange for shares actually took place; and in which losses of around 80% of the investment materialized, which denotes the banking malpractice of Banco popular.
What has happened to Banco Popular's shares?
Banco Popular made a major capital increase in May 2016, putting 2,000 million new shares up for sale at a price of 1.25 euros each, which were acquired in their entirety. This operation was announced with “fanfare” through a massive marketing campaign led by basketball player Pau Gasol, who described the bank as a successful business model, and the operation as an excellent investment opportunity with a good profitability. The economic information published at the time of the capital increase reported a net profit of 94 million euros, 2.6 more than in the first quarter of the previous year.
However, in a very short time the stock depreciated and investors began to lose money. In April 2017, the Bank corrected the accounts presented as a result of various external auditors detecting that some items had not been correctly accounted for, and that the impairment came from years prior to the capital increase. Just one year after the capital increase, the Bank reports losses of 137 million euros in the first quarter of 2017. The serious situation in which the Bank found itself precipitated that the European Central Bank determined that the Bank was on the verge of fall, and with the help of the Fund for Orderly Bank Restructuring, it will activate a mechanism to sell it for one euro to Banco Santander.
Can I recover the money lost with Banco Popular?
Yes. In fact, there are many court decisions that condemn Banco Popular (currently Banco Santander) to return the money from the purchase of shares in the 2016 capital increase.
Likewise, regarding the capital increase in 2012, there are more and more resolutions that condemn Banco Popular, since on July 9, 2020, the Provincial Court of Madrid issued a pioneering ruling admitting that there were economic problems in Banco Popular since year 2012.
BBS Abogados, experts in Banco Popular stocks and bonds.
At BBS Abogados, experts in Banco Popular stocks and bonds, we are endorsed by multiple favorable judgments. If you are also affected by the actions of Banco Popular, do not hesitate to contact us to help you get your money back. You can call us at 93 760 53 55, write to us at bbsabogados@bsabogados.com, or fill out the web form.