News in Systemic Risk: Wednesday, June 7, 2017 (10 a.m. ET)

Banco Popular CoCo bonds wiped out after Santander takeover (FT)

Santander takes over ‘failing’ rival Banco Popular after EU steps in (FT)

ECB Triggers Overnight Santander Rescue of Spain's Banco Popular (NYT/Reuters)

Santander Said to Weigh Stock Sale on Possible Popular Bid (Bloomberg)

Trump Picks Former OneWest Chief to Oversee Banks (NYT)

World Bank Takes on Trading With $3 Million Investment (WSJ)

Leverage poised to make a comeback on calm markets (FT)

Wall Street Says Rules Pose Risk of Another Crisis, and Trump Regulators Agree (Bloomberg)

Bank of Portugal Warns Lenders Against Easing Loan Requirements (NYT)

Bernanke, expert panel: Is Dodd-Frank’s failure resolution regime failing? (Brookings)

IMF Chief Paves a Path For Another Greek Rescue (Foreign Policy)

China’s $17 Trillion Debt Mountain Isn’t as Scary as It Looks (Bloomberg)

Russian Hacking Threatens Lithuania's Banks: Survey (NYT/Reuters)

International Monetary Relations: Taking Finance Seriously (NBER)

Working Paper: The impact of warnings published in a financial stability report on loan-to-value ratios (BIS)

Mario Vella, What monetary policy cannot do (BIS)

Ravi Menon: The rise of Asian banking (BIS)

Ignazio Visco: Overview of economic and financial developments in Italy (BIS)

Benoît Cœuré: Interview in L'Obs (BIS)

Central clearing makes further inroads (BIS)

EU Shadow Banking Monitor No 2 (ESRB)

China's $500 Billion Lifeline Swaps Cash for World-Wide Clout (Bloomberg)