Spanish Banks May Need To Raise More Capital

10 Apr 2012

Spanish banks may need to raise additional capital if the economy deteriorates, according to Miguel Fernández Ordóñez, governor of Banco de España in a speech.

Spanish banks may need to raise additional capital if the economy deteriorates, according to Miguel Fernández Ordóñez, governor of Banco de España in a speech. The government announced two years that banks set aside an estimated EUR50 billion ($65.36 billion) as part of banking reform.

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