shares fell 27 per cent in morning trade to €1.21 in an initial
reaction to reports in El Mundo, a national Spanish newspaper, that
customers had withdrawn the large amount, citing information from a
recent board meeting.
stock market regulator placed the shares “under auction”, a process
used to allow market participants to better cope with heavy trading
The bank later issued a regulatory filing, which said the evolution of deposits in the first half of May was seasonal.