Credit Spain Latest Information

Credit Spain Latest Information

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 hit by banks' ratings cut
MADRID: The ratings agency Moody's has cut the credit ratings of 16 Spanish banks as anxiety spreads that Spain will be the next domino to fall if Greece leaves the euro. The country was forced to deny there was a run on its fourth-biggest lender, Bankia.

Spain beset by bank crisis, downgrades, bond pressure
MADRID (Reuters) - Spain's borrowing costs shot up at a bond auction on Thursday and its troubled banks suffered a double blow, with shares in part-nationalized Bankia diving and 16 lenders - including the euro zone's biggest - having their credit ratings cut. Official data confirmed Spain was back in recession and a newspaper reported a big outflow of deposits from Bankia, but the government ...

VIDEO: Concern in Spain after credit downgrade
Spaniards react to the decision by Moody's to downgrade 16 of theirs banks.

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 ...

High funding costs threaten Spain's robust exports
MADRID (Reuters) - Spain's small and medium-sized exporters are struggling to compete with European rivals due to high borrowing costs, as fallout from the country's banking crisis hurts one of the few bright spots in a contracting economy. From ceramic tile makers to chemicals producers and conveyor belt manufacturers, they say credit is too expensive or simply unavailable, even though ...

Euro fears on the streets of Spain
Spain, feeling fragile, looks to Germany for help

Spain may have to revise its 2011 budget deficit
Concern grew for the stability of Spain's place in the fragile eurozone economy after reports of a rise in the level of bad loans on the books of its banks and word from the government Friday that it may ...

Spain may have to revise its 2011 budget deficit upwards again due to regional overspending
By Daniel Woolls,Harold Heckle, The Associated Press MADRID - Concern grew for the stability of Spain's place in the fragile eurozone economy after reports of a rise in the level of bad loans on the books ...

Spain to kick off banking sector audit
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 financial sector and determine how ...

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