Friday, August 31, 2012

Reuters: Regulatory News: Spain banks to get cash, debt or shares in bad bank

Reuters: Regulatory News
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Spain banks to get cash, debt or shares in bad bank
Aug 31st 2012, 12:52

MADRID | Fri Aug 31, 2012 8:52am EDT

MADRID Aug 31 (Reuters) - Spanish banks will receive cash, debt or shares in return for assets transferred into a newly-created "bad bank", Economy Minister Luis de Guindos said on Friday.

De Guindos was speaking after a government cabinet meeting to approve the country's latest banking reform.

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