Spain Won’t Merge Three Nationalized Lenders
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Spain Won’t Merge Three Nationalized Lenders

Luis de Guindos, Spain’s economy minister, said the government would not merge the nation’s three nationalized banks—Bankia, Catalunya Banc and NCG Banco, which are owned 100% by El Fondo de Reestructuración Ordenada Bancaria, Spain’s bad bank.

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