Reuters: Regulatory News: Spain banks need 40 bln euros more capital-Botín

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Spain banks need 40 bln euros more capital-Botín Jun 4th 2012, 18:33 BRASILIA, June 4 | Mon Jun 4, 2012 2:33pm EDT BRASILIA, June 4 (Reuters) - finBanks in Spain are in need of about 40 billion euros ($50 billion) in additional capital, Emilio Botín, chairman of the nation's biggest bank, Banco Santander, told Reuters on Monday. Botín, whose family is also Santander's largest shareholder, said that "there is no financial crisis in Spain," adding that just a few banks are in need of financial support. Botín spoke in Brasilia during an official visit.

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