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Article: J.P. Morgan -JPM- Announces Banco Santander Central Hispano -NYSE: STD- ADR Trading.
- Article from:
- Business Wire
- Article date:
- April 19, 1999
CopyrightCOPYRIGHT 1999 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--April 19, 1999--
J.P. Morgan (JPM) announced today that Banco Santander Central Hispano S.A. American depositary receipts (ADRs) began trading on the NYSE under the symbol STD. The newly combined entity, known as BSCH, was created upon the statutory merger on April 17 of Banco Central Hispanoamericano, S.A. (NYSE: BCH) into Banco Santander S.A. (NYSE: STD).
BSCH is the largest bank in the Euro zone on the basis of market value (approximately Euro39.6 billion or $42.2 billion), and eighth in terms of assets (Euro237 billion or $252 billion). Each BSCH ADR represents 1 (one) ordinary share of capital stock that is traded on the ...