Spain's Bad Banks As Banesto SA Unit Bought And Catalunya Banc Prepared For Sale

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A logo sits on display outside a Caixa Penedes bank branch in... News PhotoBank Manager,Banking,Barcelona - Spain,Branch,Crisis,Economy,Environment,Europe,Finance,Home Finances,Horizontal,Logo,Recession,Sitting,Spain,SymbolPhotographer Collection: Bloomberg 2013 BloombergA logo sits on display outside a Caixa Penedes bank branch in Barcelona, Spain, on Tuesday, Jan. 8, 2013. Banco Santander SA, Spain's biggest lender, will offer 263 million euros ($345 million) in stock to buy out minority investors in its Banco Espanol de Credito SA retail unit and close 700 local branches to cut costs. Photographer: David Ramos/Bloomberg via Getty Images