Spanish Troubled-Asset Plan May Backfire

The proposal by Mariano Rajoy, Spain’s new prime minister, to rid the nation’s banking system of some EUR176 billion ($228 billion) of troubled real estate assets may backfire, say analysts, as it relies on healthy banks, rather than the government, to pick up the tab.

  • 25 Jan 2012

The proposal by Mariano Rajoy, Spain’s new prime minister, to rid the nation’s banking system of some EUR176 billion ($228 billion) of troubled real estate assets may backfire, say analysts, as it relies on healthy banks, rather than the government, to pick up the tab.

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1 Societe Generale 16.10
2 Rabobank 15.11
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1 Wells Fargo Securities 11,897.40 33 11.83%
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5 Credit Suisse 6,335.67 14 6.30%