Spanish Banks Ordered To Clean Up Or Merge

Luis de Guindos, Spain’s economy minister, said domestic banks will need to come up with EUR50 billion ($65.5 billion) from profits and capital in 2012 to clear their balance sheets of bad real estate loans, or agree to merge with another bank by May and earn a one-year reprieve.

  • 03 Feb 2012
Luis de Guindos, Spain’s economy minister, said domestic banks will need to come up with EUR50 billion ($65.5 billion) from profits and capital in 2012 to clear their balance sheets of bad real estate loans, or agree to merge with another bank by May and earn a one-year ...

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1 Citi 3,691 11 20.69
2 Morgan Stanley 2,420 6 13.57
3 Goldman Sachs 2,096 5 11.75
4 BNP Paribas 1,686 6 9.45
5 Barclays 1,565 4 8.77

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