Spain

28/5/2012: It's the story of the euro crisis: for every problem solved, two new ones emerge. So it is with the recapitalization of Bankia. Madrid's decision Friday to provide €19 billion ($23.78 billion) of new capital to Spain's largest d ...

Resource Article - global.abi.org - 05/30/2012 - 21:01 - 0 comments - 0 attachments

Three small Spanish savings banks agreed to merge and a larger bank separately said it would sell a key asset as local lenders scramble to shore up their capital bases in the midst of an unprecedented financial crisis, The Wall Street Journal reporte ...

Daily Headline - global.abi.org - 05/29/2012 - 20:55 - 0 comments

Spanish Prime Minister Mariano Rajoy called for a show of force from European authorities as his government sought ways to avoid tapping markets to fund the bailout of the nation’s third-biggest lender, Bloomberg reported. “Europe has to dissipate any do ...

Daily Headline - global.abi.org - 05/28/2012 - 21:25 - 0 comments

The Spanish government will provide about €9 billion ($11.4 billion) to cover Bankia SA's provisioning needs, Finance Minister Luis de Guindos said on Wednesday, in the latest sign that Spain's economic deterioration is forcing authorities to i ...

Daily Headline - global.abi.org - 05/23/2012 - 21:00 - 0 comments

Two weeks have passed since Bankia was part-nationalized, yet Madrid still hasn't explained how it plans to recapitalize Spain's biggest domestic lender, The Wall Street Journal reported. That is a long time to leave a systemically importan ...

Daily Headline - global.abi.org - 05/21/2012 - 22:26 - 0 comments

Spain's government said 16 of the country's 17 regions are on track to meet this year's budget targets, a key part of its efforts to slash a towering budget deficit and ward off an international bailout, The Wall Street Journal reporte ...

Daily Headline - global.abi.org - 05/17/2012 - 20:43 - 0 comments

Spain denied there was a deposit flight from troubled lender Bankia SA Thursday as shares in the partially nationalised bank plunged by as much as 30 per cent, the Irish Times reported. "It's not true that there is an exit of deposits at th ...

Daily Headline - global.abi.org - 05/17/2012 - 20:43 - 0 comments

Spain's clean-up plan for its troubled banks lacks some of the key ingredients that helped other governments restore faith in their financial sectors, restructuring experts said, pointing to a potential need for heavier state intervention, Reuters r ...

Daily Headline - global.abi.org - 05/13/2012 - 22:31 - 0 comments

Spain will be offered more time to hit the budget deficit targets it agreed with the EU but only if Madrid meets new conditions, including an independent audit of the restructuring plan for its troubled banks, the Financial Times reported. The Europe ...

Daily Headline - global.abi.org - 05/10/2012 - 22:58 - 0 comments

Spain's government will effectively nationalize the nation's fourth largest bank to shore up the hurting banking sector and try to convince investors the country doesn't need a bailout like those taken by Greece, Ireland and Portugal, the ...

Daily Headline - global.abi.org - 05/09/2012 - 23:24 - 0 comments