Imf: Spanish Banks Need $46 Billion

Spain Bailout

Spain's banks need at least 40 billion euros (about $46 billion) in fresh capital to preserve the country's financial stability, the International Monetary Fund said Friday in an eagerly-awaited report.

Sections:  world   
RELATED ARTICLES
  • Spain education sector hit by strike against cuts
    Thousands of students and teachers staged a strike across Spain on Thursday to protest government austerity measures and a planned new education reforms. More
  • In Germany, a U.S. beer invasion
    Almost 65 years after Allied planes flew Western supplies into blockaded Berlin, a new American import is arriving by air: craft beer. The beer is being flown in as part of a new surge of German interest in American brewing, upending a centuries-old relationship in which German beer defined the golden standard for brewing and Americans emulated it. More
  • Cyprus parliament approves bailoutCyprus parliament approves bailout
    Cyprus' lawmakers approved on Tuesday a multi-billion bailout agreement with international creditors aimed at preventing the crisis-hit country from going bankrupt. More
  • Baby food shortage in Europe due to China demandBaby food shortage in Europe due to China demand
    Yong-Hee Kim still can't believe that in a prosperous country like Germany, powdered baby formula would ever be rationed and that she would have to scour shops in the German capital to find the right brand for her 13-month-old son. More
  • Swedish police find drugs on Bieber tour busSwedish police find drugs on Bieber tour bus
    The latest chapter in Justin Bieber's European tour escapade was added Thursday when Swedish police said they had found drugs and a stun gun on the pop singer's bus. Lars Bystrom, spokesman for the Stockholm police, told The Associated Press a small amount of drugs and a stun gun were discovered during a search of the bus, which had been parked under the Globen concert venue in Stockholm, where Bieber was performing Wednesday. More
ASK NEWS:
  • TradeTheNews.com EU Market Update: Week begins on a quiet note - Global-View.com
    ... than-expected German and Spanish industrial ... Aggregates: Jun ECB funding to Italian banks: 179 ... Political/In the Papers: - IMF head ...
    07/7/2014 - 7:32 am | View Link
  • The Illusion Of Central Bank Control Is In Full Force - Business Insider
    ... banks (which can be read, of European banks). ... Yellen took the stage at the IMF conference and ... year bonds (OATS) are paying 1.7%. ...
    07/6/2014 - 10:50 am | View Link
  • need2know: Shares set to open higher - Canberra Times
    ... boost international monetary supply, IMF chief ... has called on the region's banks not to deal in ... MADRID - Spanish free wifi provider ...
    07/6/2014 - 8:50 am | View Link
  • Central Banker Smackdown - Forbes.com
    ... banks (which can be read, of European banks). ... Yellen took the stage at the IMF conference and ... year bonds (OATS) are paying 1.7%. ...
    07/5/2014 - 5:51 am | View Link
  • Largest Austrian Bank Crashes After “Revealing” 40% Surge In Bad ... - PrisonPlanet
    HUNGARY LOAN-REFUND LAW DAMAGES INVESTOR CONFIDENCE, BANKS SAY Because ... of other people’s money to do idiotic things like buy Spanish debt at ...
    07/4/2014 - 12:17 pm | View Link
  • More
YAHOO NEWS:
  • Analysis: Politics poses biggest risk to euro zone endurance
    Paris, France –With the euro zone bond market back to irrational exuberance and economic growth returning slowly if unevenly, politics rather than economics now poses the biggest threat to the long-term endurance of Europe’s single currency. Widespread anti-EU protest votes in last month’s European Parliament elections will make it harder for many governments to pursue deficit-cutting and ...
    06/10/2014 - 12:04 pm | View Link
  • KKR Said Interested in Investing in Spanish Company-Loan Pools
    KKR & Co. would be interested in investing in pools of loans from Spanish banks as the government explores ways to relieve the debt burden of distressed companies, two people with knowledge of the matter said.
    06/10/2014 - 11:09 am | View Link
  • Headwinds plague Europe’s banks
    The bull case for Europe’s banks - like banks everywhere - will always significantly reflect economic conditions. A booming economy drives demand for credit, keeps defaults low and bolsters bank earnings. But economic conditions in Europe remain mixed.
    06/9/2014 - 7:15 am | View Link
  • Politics poses biggest risk to euro zone endurance
    By Paul Taylor PARIS (Reuters) - With the euro zone bond market back to irrational exuberance and economic growth returning slowly if unevenly, politics rather than economics now poses the biggest threat to the long-term endurance of Europe's single currency. Widespread anti-EU protest votes in last month's European Parliament elections will make it harder for many governments to pursue deficit ...
    06/8/2014 - 3:10 am | View Link
  • Markets Live: Adios to rate cuts: JPM
    Shares struggle to make gains with the major lenders the biggest drags, while another economist rules out further rate cuts.
    06/4/2014 - 9:53 pm | View Link
  • More
BING NEWS:
  • Deepening Spanish credit crunch could hit banks, economy, says IMF
    The IMF, which is monitoring Spain's banking reforms after a European bailout last year, said in a report on Monday the lenders' solvency had improved. But economic problems including record unemployment had left the sector mired in a deepening credit crunch.
    07/15/2013 - 3:17 am | View Link
  • IMF Says Spanish Banks Need More Capital in Stress Tests
    “The team’s stress ... banks are at the epicenter of our current worries and naturally should be the priority for repair,” IMF Managing Director Christine Lagarde said in a speech in New York yesterday. The IMF said the actual capital needs for ...
    06/9/2012 - 9:43 am | View Link
  • IMF says Spanish banks need nearly $50 billion
    (AP) WASHINGTON - The International Monetary Fund is estimating that Spanish banks need at least a euro40 billion ($49.87 billion) capital injection following a stress test it performed on the country's financial sector. The lending institution said Friday ...
    06/8/2012 - 4:36 pm | View Link
  • IMF report: Spanish banks need ₤40b
    Madrid: An International Monetary Fund (IMF) report on Spanish banks will show the country's troubled lenders need a cash injection of at least ₤40 billion (Dh183 billion), sources in the financial sector said on Thursday. The report, due to be published ...
    06/7/2012 - 7:48 am | View Link
  • IMF report to show Spanish banks need 40 billion aid
    The IMF report, along with an audit of the Spanish banking sector conducted ... over concerns it would not be able to prop up banks hit by a property crash in 2008, and rein in its public finances. Spain weathered funding pressures in European credit ...
    06/7/2012 - 5:04 am | View Link
  • More
BING SEARCH:
  • Annual Meetings of the International Monetary Fund and the ...
    The IMF and World Bank meet each autumn in what is officially known as the Annual Meetings of the International Monetary Fund and the World Bank Group and each spring ...
    07/31/2014 - 5:30 am | View Website
  • iMFdirect
    The International Monetary Fund's interactive global economy forum
    07/31/2014 - 2:52 am | View Website
  • Spain and the IMF -- Page 1 of 19
    Material about Spain and its activities with the IMF
    07/30/2014 - 8:54 pm | View Website
  • IMF Data and Statistics
    The IMF publishes a range of time series data on IMF lending, exchange rates and other economic and financial indicators. Manuals, guides, and other material on ...
    07/30/2014 - 4:36 pm | View Website
  • The World Bank and The International Monetary Fund ...
    Through loans, often to governments whose constituents suffer the most under the global economy, and "structural adjustment" policies, the World Bank (WB ...
    07/30/2014 - 4:26 am | View Website
  • More

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 World News