Reuters: Regulatory News: Spain's bad bank won't mean steeper losses for lenders

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Spain's bad bank won't mean steeper losses for lenders Aug 31st 2012, 15:07 MADRID | Fri Aug 31, 2012 11:07am EDT MADRID Aug 31 (Reuters) - Spain does not see significant further losses for banks that transfer soured property assets to a bad bank to be run by the central bank, an economy ministry official said on Friday. However, the official added that provisions made by Spanish banks earlier this year to cover losses on property assets would not be a floor for transfers to the bad bank. The source added that public participation in Spain's bad bank, an asset management company that will take on banks' damaged property assets, will be limited to a maximum of 50 percent.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions