Banking Spain Latest Information

Banking Spain Latest Information

Spain banking sector shaken by report of bank run
Confidence in Spain's banks and its teetering economy was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia, a troubled bank that was effectively ...

As its banking woes mount, Spain ponders where to go from here
Its banks struggling, Spain has moved closer to needing a bailout. But some argue the takeover of Bankia and other measures could mark the beginning of movement toward greater stability.

Spain to announce banking sector auditors on Monday
Spain will announce the names of the two independent auditors charged with conducting an analysis of the country's banking sector on Monday, Spain's Deputy Prime Minister said on Friday. The audit will ...

Spain to name banking sector auditors
Deputy PM says auditors to assess amount of cash needed by banks to rebuild their balance sheets.

Spain to kick off banking sector audit
By Julien Toyer MADRID (Reuters) - Spain, under pressure from the European Union to accelerate its bank clean-up, will name independent auditors on Friday to probe bad loans and property holdings in the ...

Spain Doesn’t Need EU Aid to Shore Up Banking System, Rehn Says
Spain is taking “very decisive action” to clean up it savings banks and has the domestic resources to shore up any banks that need help, European Union Economic and Monetary Commissioner Olli Rehn said.

EU's Rehn: Spain banking plan should dispel doubts
BRUSSELS (Reuters) - The European Union's top economic official said on Sunday that Spain was taking decisive action to shore up its banking sector and that its overall reform efforts were essential to bolster confidence in the sector. Spain on Friday offered high-interest loans to banks suffering the fallout of a property crash and ordered an independent audit of lending across the entire ...

Spain stocks extend losing streak after downgrade
Spain's stock market flirted with seven-year lows Friday as investors continued to worry about the stability of the eurozone's financial system in light of the downgrading by credit ratings agency Moody's of the country's banking industry.

Spain’s banking sector under pressure
Confidence in Spain’s banking sector was shaken Thursday after a newspaper reported that depositors were rushing to withdraw their money from Bankia.

UPDATE 1-Spain to kick off banking sector audit
* Spain to name independent auditors for financial sector * To hire Goldman for valuation of Bankia-report * Moody's downgrades 16 Spanish banks (Adds details, market reaction, background) MADRID, May ...

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