According to Hong Kong’s Wen Wei Po quoted foreign reports, the Spanish government decided to force the banks to increase mortgage loan bad debt provision, a number of large banks yesterday have announced additional provision amounting to 14.8 billion euros, making the country’s banks’ mortgage-related assets provision coverage increased from 7% to 30%. EU Economic [...]
Posts Tagged ‘the banking industry’
Spanish banks increased by 14.8 billion euros in additional provision
Posted by admin on May 15th, 2012
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Europe’s debt banks secretly prepare the old currency of Greece regression
Posted by admin on May 14th, 2012
the the local time on May 12, Greek President (middle) and leaders of various parties, cabinet negotiations. Eastern IC for map cabinet efforts Greek parliamentary elections, the three main political parties failed on the 12th, this country further towards the re-election prospects, but also to the outside world may eventually withdraw from the euro-zone worries [...]
Reported that Spain will seek a European Union fund to rescue the banking industry
Posted by admin on May 11th, 2012
According to the “Spanish economists newspaper reported, the Spanish Government and EU officials on the use of the European Stabilization Fund or the European Development Bank funds to rescue the country’s banking sector consultations. report quoted close to the then Spanish Prime Minister Rajoy sources reported that EU officials tend to use the funds of [...]
West’s third-largest bank nationalization rescue mode, or with reference to Ireland
Posted by admin on May 11th, 2012
the Spanish Government on Wednesday issued a statement saying the government will take over the country’s third-largest bank Bankia, the bank ranks first in the industry’s exposure to the Spanish real estate business. However, many economists, the Spanish government some underestimation of the potential loss of the country’s banking sector, and ignore the rising costs [...]
Debt crisis in Europe “lesion” point to Spain
Posted by admin on April 12th, 2012
recently the Spanish stock market and large bank shares continued to slump. 11, Spain 10-year bond yields approaching 6% of the critical position. Analysts pointed out that, taking into account the relevance of the global financial markets, Spain has replaced Greece as the greatest threat to global economy, the debt crisis in Europe a great [...]
