Santander bank to absorb Spanish subsidiaries
Madrid: Banking giant Banco Santander announced on Monday it will absorb its Spanish offshoots Banesto and Banif, closing 700 branches and saving an estimated 520...
Spanish banks
Spanish bad bank loans hit record high in July
by AFP
MADRID: Bad loans held by Spain’s crisis-torn lenders soared to its highest level in 50 years in July with nearly one in ten loans deemed...
100-billion-euro rescue loans for Spanish banks
by Ubaid Mughal
Eurozone is to provide 100bn euros ($125bn) to Spain in terms of loans to help it boost its ramshackle banks....