Blogs and advice from Industry leading Specialists
Valuable Opinions, Comments & Gossip
Financial related News & Articles relating to Spain
Latest News, Stories
& Hot Topics
Various Tools & Widgets to help with your financial needs
Tools & Widgets to
help with finances
Polls, Surveys and Opinions featured throughout Tumbit
Featured Polls, Surveys & Stats
Discussions, Advice & Topical Chat
Discussions, Advice & Topical Chat

Spain not planning to close down any bank

Source: Reuters - Tue 17th Jul 2012
Spain not planning to close down any bank

Spain is not planning to close down any of its ailing lenders, Economy Minister Luis de Guindos said, contradicting the Bank of Spain governor who said earlier on Tuesday that non-viable entities should be wound down.

Four banks currently nationalised - Bankia, CatalunyaCaixa, NovaGalicia and Banco de Valencia - could face the prospect of being wound down if the European Commission concludes that the cost of their recapitalisation is higher than the cost of an orderly resolution.

Comment on this Story

Be the first to comment on this Story !!

Related Partners

Recommended Items

Related Articles

Related Blogs