Spanish Banks Underestimate Losses

Spanish banks are said to be underestimating potential losses from bad loans, with the Bank of Spain suggesting that the government’s move to require banks to increase the amount they set aside for toxic debt to EUR166 billion ($215 billion) would cover only half of total losses.

  • 10 May 2012

Spanish banks are said to be underestimating potential losses from bad loans, with the Bank of Spain suggesting that the government’s move to require banks to increase the amount they set aside for toxic debt to EUR166 billion ($215 billion) would cover only half of total losses.

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