Bank Of Spain Sees 53.4 Billion Euro Shortfall At Banks
From forexlive.com
Says banks need additional capital and provisions of 53.4 billion, according to Reuters. The BOS has approved banks recapitalization plans Says 11 banks to take part in 5 new merger or acquisition operations The headline sounds negative but the proactive approach is good news and the market already knows Spanish banks are short on cash.
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