How Popular was caught off guard by Europe's abrupt takeover

MADRID (Reuters) - When the 1,644 Spanish branches of Banco Popular opened their doors on Monday morning, the bank's chairman Emilio Saracho still hoped the 91-year-old lender, once the most efficient in Europe, could be saved.

from Reuters: Top News http://uk.reuters.com/article/uk-popular-m-a-santander-idUKKBN18Z24D?feedType=RSS&feedName=topNews