spanish banks

Spanish government approves `bad bank’ for toxic assets


September 1st, 2012 - 3:07 pm ICT by IANS
Madrid, Sep 1 (IANS/EFE) Spain's government has approved a new financial sector overhaul required by Brussels as a part of a bank-rescue programme, creating an asset-management agency - or "bad ... Read more...

Posted in Business |

EU must be more decisive to protect euro: Spain, France


August 31st, 2012 - 11:36 am ICT by IANS
Madrid, Aug 31 (IANS/EFE) Financial markets' doubts about the strength of the euro can be blamed on a lack of decisive action by the European Union, French President Fran├žois Hollande ... Read more...

Posted in Business |

Spanish banks’ bad-loans ratio hits new record


August 18th, 2012 - 1:10 pm ICT by IANS
Madrid, Aug 18 (IANS/EFE) The ratio of non-performing loans to total outstanding loans held by Spanish banks has risen to a record 9.42 percent, topping the previous mark of 9.15 ... Read more...

Posted in Uncategorized |

Spain told to take decisive actions to cope with crisis


July 28th, 2012 - 1:30 pm ICT by IANS
Washington, July 28 (IANS) The International Monetary Fund (IMF) has said that Spain needs to take "decisive actions" to tackle economic challenges and restore market confidence."The economy has entered an ... Read more...

Posted in Business |

Markets continue to hammer Spanish debt


July 24th, 2012 - 12:38 pm ICT by IANS
Madrid, July 24 (IANS/EFE) The yield on Spanish 10-year bonds rose Monday to a prohibitive 7.49 percent amid fears that nothing short of massive intervention by the European Central Bank ... Read more...

Posted in Business |

Yield on Spanish bonds climbs up


July 10th, 2012 - 10:52 am ICT by IANS
Madrid, July 10 (IANS/EFE) Investors pushed the yield on Spain's benchmark 10-year bond above 7 percent by the close of trading Monday as European Union finance ministers gathered in Brussels ... Read more...

Posted in Business |

Europe must be sensitive to Greek people: French minister


June 22nd, 2012 - 7:21 am ICT by IANS
Luxembourg, June 22 (IANS) Europe must be more "sensitive" to the Greek people and take steps to help revive the country's economy, according to French Finance Minister Pierre Moscovici.Speaking ... Read more...

Posted in World |

Fitch downgrades 18 Spanish banks


June 12th, 2012 - 11:24 pm ICT by IANS
New York, June 12 (IANS) Ratings agency Fitch cut another 18 Spanish banks' long-term credit ratings Tuesday.The cut comes just one day after Fitch downgraded the country's two biggest banks, ... Read more...

Posted in Business |

Eurozone agrees to bail out Spanish banks


June 10th, 2012 - 7:53 am ICT by IANS
Moscow/Madrid, June 10 (IANS/RIA Novosti) Eurozone finance ministers have agreed to lend Spain up to 100 billion euros ($125 billion) to bail out its troubled banks as Madrid officially stated ... Read more...

Posted in Business |

Moody’s cuts credit ratings of 16 Spanish banks


May 19th, 2012 - 11:39 am ICT by IANS
New York, May 19 (IANS/EFE) Ratings agency Moody's Investors Service has downgraded the credit ratings of 16 Spanish banks - including the country's largest financial institutions, Banco Santander and Banco ... Read more...

Posted in Business |

Wall Street extends loss


May 18th, 2012 - 5:52 am ICT by IANS
New York, May 18 (IANS) Wall Street extended losses Thursday, with the Dow Jones industrial average suffering its 11th loss in last 12 trading sessions, amid intensified fears about ... Read more...

Posted in Business |

Spanish banks borrow a record $417 bn


April 14th, 2012 - 12:02 pm ICT by IANS
Madrid, April 14 (IANS/EFE) Spanish financial institutions borrowed a record 316.34 billion euros ($417 billion) from the European Central Bank last month, according to data released by Spain's central bank.The ... Read more...

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CaixaBank to become Spain’s largest bank by assets


March 27th, 2012 - 12:16 pm ICT by IANS
Barcelona, March 27 (IANS/EFE) CaixaBank said Monday that it plans to purchase Banca Civica for nearly 1 billion euros ($1.33 billion) in a transaction that will leave the buyer as ... Read more...

Posted in Business |

Spanish government prods banks to modify mortgages


March 11th, 2012 - 12:13 pm ICT by IANS
Madrid, March 11 (IANS/EFE) Spanish banks that voluntarily sign on to a newly approved code of good practices will be required to restructure the mortgage debts of certain distressed borrowers ... Read more...

Posted in Business |

Spanish banks’ bad loans ratio highest since 1994


February 18th, 2012 - 12:43 pm ICT by IANS
Madrid, Feb 18 (IANS/EFE) Spanish banks' ratio of non-performing loans to total loans came in at 7.61 percent last year, the highest percentage since 1994.According to provisional data published Friday ... Read more...

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Qatar pledges to invest $4 bn in Spain


March 1st, 2011 - 11:44 am ICT by IANS
Doha, March 1 (IANS/EFE) Spanish Prime Minister Jose Luis Rodriguez Zapatero left Qatar Monday with pledges from the emirate's government to invest 3 billion euros ($4.14 billion) in Spain's economy, including 300 ... Read more...

Posted in Business |

Economy improving, says Spanish premier


September 24th, 2010 - 12:48 pm ICT by IANS
New York, Sep 24 (IANS/EFE) Prime Minister Jose Luis Rodriguez Zapatero has said that Spain's housing prices have bottomed out and that the nation's economy will continue to improve. "The price of housing ... Read more...

Posted in Business |

Blast in Argentina bank


August 26th, 2010 - 9:04 am ICT by IANS
Buenos Aires, Aug 26 (IANS/EFE) A bomb exploded at a branch of Spanish banking giant BBVA in Buenos Aires, destroying an ATM but causing no injuries, police said. The bombing at the BBVA-Banco ... Read more...

Posted in World |

Bank stress tests prove strength, says EU


July 24th, 2010 - 6:04 am ICT by IANS
London/Brussels/Madrid, July 24 (DPA) European Union "stress tests" on the bloc's banks prove that the EU financial sector is sound because just seven out of 91 lenders - five of them Spanish ... Read more...

Posted in Business |

Bank executives with negative emotions take fewer risks


July 10th, 2010 - 3:35 pm ICT by IANS
London, July 10 (IANS) Executives with negative emotions tend to take fewer risks, a study based on a survey of managing directors and general directors of Spanish banks has found. The study ... Read more...

Posted in Business |

Four Spanish banks announce merger


May 25th, 2010 - 9:25 am ICT by IANS
Madrid, May 25 (DPA) Four Spanish savings banks announced Monday they would merge a part of their operations to form the country's fifth largest lender, amid concern over the solidity of the ... Read more...

Posted in Business |

Spain creates $41 bn fund to ease credit crunch


October 8th, 2008 - 1:47 pm ICT by IANS
Madrid, Oct 8 (IANS) The Spanish government announced the creation of a 30-billion-euro ($40.9 billion) fund to buy bank assets to ensure credit flow amid the worldwide financial crisis, EFE reported ... Read more...

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