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Banking 101: lending money to customers to buy your own shares

PinkyAndTheBrain 2016-06-11 08:12:35 UTC #1

Zero Hedge

Next Banking Scandal Explodes in Spain

The Spanish investment group Blackbird claims that Banco Popular bank is offering customers dirt-cheap loans or refinancing deals, at an interest rate of just 2.5%, as long as they use some of the funds to purchase the bank’s new shares.

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