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Bank of Spain News is an EIN News Service for banking industry professionals. Constantly updated news and information about banking.
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Latest Bank of Spain News

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  • UPDATE 1-Spain's bank restructuring fund adequate-Salgado 23 Nov 2009 15:15 GMT
    ... By Judy MacInnes MADRID, Nov 23 (Reuters) - A fund ... will give these sectors substantial tax incentives. Spain's central bank governor Miguel Fernandez Ordonez on Monday renewed ...

  • Spain's bank restructuring fund adequate-Salgado 23 Nov 2009 13:24 GMT
    ... in the FROB are more than sufficient for this,' she said. Earlier this month, Bank of Spain Governor Miguel Fernandez Ordonez told the Financial Times about 15 savings banks would merge within ...

  • Spain prepares to announce radical reforms while economy begins recovery 23 Nov 2009 20:21 GMT
    ... to the European Union's statistics office Eurostat. Earlier this month, the head of the Bank of Spain, Miguel Angel Fernandez Ordoñez, warned that the country's growth model was "unsustainable" as it was ...

  • UPDATE 2-Spanish leaders pledge reform, but no more cash 23 Nov 2009 18:16 GMT
    ... push to merge and restructure some of the state's dozens of small savings banks. Bank of Spain Governor Miguel Angel Fernandez Ordonez said the economy was at a crossroads and that its ...

  • Spain faces grim future without reform-Ordonez 23 Nov 2009 10:33 GMT
    ... reforms including changes to the labour market and education system, the governor of the Bank of Spain said on Monday. 'The Spanish economy faces a crossroads. If deep reforms are not adopted quickly, ...

  • Spain's Salgado says '10 diffiicult year for banks 23 Nov 2009 12:32 GMT
    ... at Spanish banks stood at 4.75 percent at the end of September, according to Bank of Spain data. (Reporting by Judy MacInnes; editing by Sarah Morris) Keywords: SPAIN/BANKS Copyright Thomson Reuters 2009. All ...

  • ECB's Ordonez: Markets Not Expect Rate Hike Until Sometime In H2 2010 23 Nov 2009 15:16 GMT
    ... hike rates until sometime in the second half of 2010. Ordonez, who heads the Bank of Spain said it is unclear whether the global economy has gained enough strength to start withdrawing stimulus ...

  • Effects of stimulus withdrawal uncertain-Ordonez 23 Nov 2009 09:35 GMT
    ... can withstand the withdrawal of extraordinary fiscal and monetary stimulus, the governor of the Bank of Spain, Miguel Angel Fernandez Ordonez said on Monday. But withdrawing stimulus too late would also bring ...

  • Savings and groans 19 Nov 2009 16:33 GMT
    ... will make the restructuring process harder. Caja Castilla La Mancha (CCM), a tiny the Bank of Spain took management control of last March, is a case in point. Cajastur, a smaller savings bank, ...

  • Spanish PM vows sweeping reforms to boost economy 22 Nov 2009 23:12 GMT
    ... to the European Union's statistics office Eurostat. Earlier this month, the head of the Bank of Spain, Miguel Angel Fernandez Ordonez, warned that the country's growth model was "unsustainable" as it was ...

  • Spanish banks' bad loans drop - central bank 18 Nov 2009 13:20 GMT
    ... 18 (Reuters) - Spanish banks' bad debts fell in September from the previous month, Bank of Spain data showed on Wednesday. The volume of bad debts fell by 1.1 billion euros ($1.65 billion) ...

  • Video interview: Bank of Spain governor 16 Nov 2009 16:24 GMT
    ... Last updated: November 16 2009 15:52 , Miguel Angel Fernández Ordoñez, governor of the Bank of Spain, talks to Victor Mallet, the FT’s Madrid bureau chief. He emphasises the need to reform ...

  • Spain's bank chief eyes multiple mergers: report 16 Nov 2009 05:10 GMT
    ... ratios and liquidity problems. Governor of the Bank of Spain Miguel Fernandez Ordonez who has said a ... the plans to be implemented within months. Spain's central bank wants a third of the country's 45 ...

  • Multiple mergers 17 Nov 2009 07:14 GMT
    ... Spain's central bank wants a third of the country's 45 ... of the sector, a report said Monday. Bank of Spain governor Miguel Fernandez Ordonez said a series ...

  • Bankers fear over-regulation 17 Nov 2009 22:33 GMT
    ... warned that “indiscriminate tightening” of rules would be counterproductive. Echoing the views of the Bank of Spain, Mr Botín emphasised that rigorous risk management and close supervision (there are 60 central bank inspectors ...


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