Warburg Pincus and Javier Marín buy Spain's Self Bank following ECB approval

Private equity firm Warburg Pincus and Spanish banking veteran Javier Marín Romano have obtained approval from the European Central Bank to acquire Self Bank from Société Générale's Boursorama subsidiary. The acquisition, whose economic terms have not been yet disclosed, was announced last year in June and had been expected to close by the end of 2018. Self Bank has said the operation will not have any impact on its clients, since the online bank will remain as a Spanish entity, whose funds...