Spain May Buy Stakes To Boost Banks

16 Jun 2009

The Spanish government may acquire stakes in some of the savings banks in order to boost their capital bases.

The Spanish government may acquire stakes in some of the savings banks in order to boost their capital bases. Elena Salgado, the country’s finance minister, said the government would use some money in a €9 billion ($12.46 billion) rescue fund to buy securities and would remain a part ...

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