Sunday, October 23, 2011
Holiday homes for the Occupy Wall Street protestors
Banco Santander SA (SAN) is in talks to sell 12,000 Spanish apartments it repossessed to Wall Street funds, the Sunday Times reported. Cerberus Capital Management LP and Goldman Sachs Group Inc. (GS) are bidding against a Morgan Stanley (MS) fund, according to the report, which cited unidentified sources close to the talks. Santander still has about 6 billion euros of property to sell, according to the newspaper.