E.C. Approves Loans To Spanish Banks

21 Dec 2012

The European Commission has approved a Spanish government plan to pour EUR1.87 billion ($2.46 billion) in fresh capital into Banco Mare Nostrum, Banco CEISS, Caja3 and Liberbank after the E.C. earlier this week approved their respective restructuring plans.

The European Commission has approved a Spanish government plan to pour EUR1.87 billion ($2.46 billion) in fresh capital into Banco Mare Nostrum, Banco CEISS, Caja3 and Liberbank after the E.C. earlier this week approved their respective restructuring plans. The funding will make the government the majority owner of ...

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