Spanish burden sharing gets nod from central bank governor

Spain’s new central bank governor acknowledged on Tuesday the potential for subordinated bondholders to take a hit as the country’s lenders are bailed out. Luis Linde, who took over as head of the Bank of Spain last month, put the politically sensitive issue of burden sharing on the table in a speech to the Spanish parliament, in which he also catalogued what he saw as the country's supervisory failings in the last decade.