Banco Popolare SC & Banco Santander SA
EN
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(Senior Baboon, 180
Points)
on 4/11/12 at 12:28pm
Hi all. How can one short Banco Popolare SC of Italy and Banco Santander of Spain. I dont want to short their ADR but would rather prefer to go directly into those markets. Any good ways to go about it. Does Schwabb brokerage offer trading in these exchanges. I know the spanish exchange is called SM? What is their italian counterpart. Anyone trade these markets? Thanks guys. Cheers.





Ahem... No monkey trades in
Ahem... No monkey trades in europe markets huh!!!
Banco Santander is part of
Banco Santander is part of the IBEX35 the main Spanish index, it shouldn't be difficult to trade that stock, it is now less than 5 euros a share with a dividend yield of 17% where is it going? It depends on whether the Spanish banks have become zombie banks, other banks are in a worse situation, Banco Sabadell, Bankia Banco Popular etc... because the lack the international diversification enjoyed by Banco Santander and BBVA, but in a highly correlated environment everything will fall apart anyway regadless of the fundamentals.