Spain's bank bailout fund is seeking to hire advisers to help shape a long-term strategy for dealing with its portfolio of nationalized lenders, a week after calling off an auction of one of the most troubled banks, said people briefed about the plan.
(2 months and 11 days ago)
Spain's banking bailout last year is now a distant memory. But according to one strategist, Spain's fragile economy now faces the possibility of tipping over into a renewed credit
(1 month and 15 days ago)
Central bank governor warns that without bank deposit levy eurozone bailout deal could collapse.
(2 months and 3 days ago)
MADRID (AP) — Spain's recession continued in the first three months of the year, with the economy shrinking by 0.5 percent, its seventh quarterly contraction, the Bank of Spain said Tuesday.
(28 days ago)
Spain's recession continued in the first three months of the year, with the economy shrinking by 0.5 percent, its seventh quarterly contraction, the Bank of Spain said Tuesday.
(28 days ago)
Via Pater Tenebrarum of Acting-Man blog, A Record Amount of Bad Loans A recent study by Ernst & Young has revealed that euro-land banks in the aggregate now hold € 918 billion ($1.23 trn.) in non-performing loans (7.6% of all loans outstanding). E&Y sees about 15.5% of all loans in Spain and 10.2% of all loans in Italy as likely to be in NPL status (this exceeds the...
(3 months and 4 days ago)
Spain's bailout bill could rise, some bankers warn, as the government struggles to sell off nationalized lenders.
(14 days ago)
May 10 - The head of Britain's Co-operative Bank stands down after Moody's downgraded its debt rating to junk status, highlighting the difficult regulatory environment for small banks. Melanie Ralph reports that the bank may need a government bailout.
(10 days ago)
Despite the small country of Cyprus receiving a bailout from Russia to prevent an economic collapse and bankruptcy, many with deposits in the...
(1 month and 24 days ago)
The downgrading of the Co-op Bank's debt to junk status by Moody’s sent the value of its bonds plunging and heaped humiliation on the bank. But it is not on the brink of some crisis that will require a state bailout.
(8 days ago)
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