Comment on Spain to approve 'bad bank' for toxic assets

Spain to approve 'bad bank' for toxic assets

Spain to approve 'bad bank' for toxic assets MADRID (AP) — Spain's government was meeting Friday to approve a new financial sector reform that will create a "bad bank" to contain toxic property investments and will give the central bank more powers to shut down troubled lenders. The country is battling to convince investors it can handle its finances and avoid following Greece, Ireland, Portugal and Cyprus in requesting a government bailout.

 

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News