Spain's BBVA, its second-largest bank by market value, has reportedly been chosen to take over the $16B in assets of Austin, Texas-based Guaranty Financial Group (GFG-OLD). Last month, the Office of Thrift Supervision took over Guaranty's board functions and directed the bank to turn itself over to the FDIC, indicating its transactions were likely to wipe out shareholder value. GFG-OLD -10.3% AH.
Spain's BBVA, its second-largest bank by market value, has reportedly been chosen to take over...
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Symbol | Last Price | % Chg |
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GFG-OLD | - | - |
Guaranty Financial Group Inc. |