Spanish Bank To Write Down EUR1 Bln Goodwill On U.S. Unit

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Spanish Bank To Write Down EUR1 Bln Goodwill On U.S. Unit

Spain’s Banco Bilbao Vizcaya Argentaria said it will write down EUR1 billion ($1.28 billion) from its 2011 balance sheet in its U.S. unit because of prospects of weak growth.

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