Spanish Lenders, Insurers To Invest In Bad Bank

Spain’s Santander and La Caixa have pledged to invest between EUR300 million ($389.1 million) and EUR400 million ($418.8 billion) in Sareb, the country’s new bad bank, with insurer Mutua Madrilena adding EUR30 million ($38.9 million).

  • 06 Dec 2012

Spain’s Santander and La Caixa have pledged to invest between EUR300 million ($389.1 million) and EUR400 million ($418.8 billion) in Sareb, the country’s new bad bank, with insurer Mutua Madrilena adding EUR30 million ($38.9 million).

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