bad banks news
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Spain's bad bank scares off property investors
Madrid :: Spain | 19 days ago
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Several major property investors say Spain's bad bank Sareb is demanding overinflated prices for the best of its 51 billion euros of unwanted property and loans, delaying sales that could ease some of the pressure on public finances. Like Ireland's
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Bankers whisper: Spain's bailout bill could rise
Brussels :: Belgium | 1 month ago
Credibility
Spain's bill to bail out its banks may yet rise, some bankers and analysts fear, as a worsening economy hampers the government's early attempts to sell off nationalised lenders and threatens the "bad bank" housing their rotten property deals...But
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Slovenia seeks to dismiss "another Cyprus hysteria"
Ljubljana :: Slovenia | 3 months ago
Credibility
We simply need to take a couple of decisions that may be hard for some people, but which allow us to make good progress in the next couple of years. "And I think we can do that." However, each day more details emerge about the plans they are drawing
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Spanish 'bad bank' starts shifting problem assets
Madrid :: Spain | 3 months ago
Credibility
The "bad bank" set up to purge Spain's crisis-hit finance sector has begun operating and aims to sell off 1.5 billion euros' worth of toxic assets in 2013, the government said on Tuesday. "Its commercial activity has begun, beginning with the sale of
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Spain's 'bad bank' rejects overtures from 3 funds
Madrid :: Spain | 4 months ago
Credibility
Spain's so-called 'bad bank', Sareb, has rejected overtures from investment funds Cerebrus, Fortress and Centerbridge to enter into its capital because they were asking for advantages over other shareholders, Expansion newspaper reported on Saturday
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Anglo Irish Bank 'to be liquidated'
Dublin :: Ireland | 4 months ago
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Anglo Irish, is to be liquidated as part of a deal to ease Dublin's huge debt burden. The Republic of Ireland's central bank governor, Patrick Honohan, will discuss a plan with the European Central Bank (ECB) on Wednesday evening, according to the
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Spain's bad bank receives $49 bn of toxic assets
Valencia :: Spain | 6 months ago
Credibility
Spain's so-called "bad bank" has received 37 billion euros ($49 billion) of toxic assets from four nationalised banks, starting a key part of the country's drive to clean up its financial sector. The real estate loans and properties are the first
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Spain takes over eighth bank
Santander :: Spain | 6 months ago
Credibility
The European flag waves in the wind at the German Parliament building, in Berlin, Tuesday, May 18, 2010. AP Debt Crisis Banks Pedestrians pass by the Scotiabank location near Yonge and Bloor Streets in Toronto. Kevin Van Paassen/The Globe and Mail
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Spain's bad bank swerves critical questions
Madrid :: Spain | 6 months ago
Credibility
Spain has left major questions unanswered in its rush to set up a "bad bank" to manage toxic loans built up by the country's lenders, creating a detail vacuum that is keeping potential investors at arm's length. Spain's ailing lenders, by the end of
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Barclays to invest in Spanish "bad bank": source
Santander :: Spain | 6 months ago
Credibility
Barclays bank headquarters in Canary Wharf, east London August 30, 2012. Britain's Barclays will invest in Spain 's so-called 'bad bank' as a signal of its commitment to helping fix the country's banking troubles, a person familiar with the matter
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