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:
  • Are we Spaniards better off five years afterwards? - Open Democracy
    ... prosecuting the former minister and IMF director ... leading to several big banks being fined by Brussels. Audits have been made on the ...
    06/25/2016 - 2:14 pm | View Link
  • The Latest: Calls for 2nd referendum crash UK website - Wichita Eagle
    ... a longtime tech industry analyst with IDC, says banks and financial ... the independence of Europe which has no need for the IMF to deal with ...
    06/24/2016 - 5:52 am | View Link
  • The Latest: Moody's changes UK's outlook to 'negative' - San Luis Obispo.com
    ... a longtime tech industry analyst with IDC, says banks and financial ... the independence of Europe which has no need for the IMF to deal with ...
    06/24/2016 - 5:40 am | View Link
  • The Latest: British exit may affect tech's distribution hubs - Charlotte Observer
    ... a longtime tech industry analyst with IDC, says banks and financial ... the independence of Europe which has no need for the IMF to deal with ...
    06/24/2016 - 5:13 am | View Link
  • The Latest: UK exit could weaken privacy protections - Centre Daily Times
    ... a longtime tech industry analyst with IDC, says banks and financial ... the independence of Europe which has no need for the IMF to deal with ...
    06/24/2016 - 4:59 am | View Link
  • More
BING NEWS:
  • The IMF and Federal Reserve are stressed about Deutsche Bank
    Given the likelihood of distress spillovers between banks and life insurers, close monitoring and continued systemic risk analysis by authorities is warranted.” The news comes after news on Wednesday that Deutsche – along with Spanish banking giant ...
    06/30/2016 - 5:08 am | View Link
  • Spanish banks should boost capital without cutting lending
    MADRID, Sept 30 (Reuters) - Spanish banks should keepstrengthening their solvency without further cutting credit, theInternational Monetary Fund said in a report on Monday, addingthat capital and liquidity had improved since a European-backedrescue of the ...
    09/30/2013 - 3:04 am | View Link
  • IMF: Spanish banks need nearly $50 billion
    WASHINGTON (AP) — 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 ...
    06/9/2012 - 7:46 am | View Link
  • IMF: Spanish banks need nearly $50 billion
    WASHINGTON (AP) — 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 ...
    06/8/2012 - 4:10 pm | View Link
  • IMF Says Spanish Banks Need More Capital in Stress Tests
    Spain’s banking system would need 37 billion euros ($46 billion) in additional capital to cope with worsening economic conditions, the International Monetary Fund said in a report, which the country will use to help determine what international support ...
    06/7/2012 - 1:00 pm | View Link
  • More
BING SEARCH:
  • Spanish Banks Review
    Spanish Banks and Banking Review - News, information about banks, offices and ATMs across the Spain, including maps, addresses and working hours.
    06/28/2016 - 8:24 am | View Website
  • Browse: IMF eLibrary
    Volume/Issue: 2016/142 Series: IMF Staff Country Reports Author(s): International Monetary Fund. European Dept. Publisher: INTERNATIONAL MONETARY FUND
    06/28/2016 - 1:29 am | View Website
  • Times Online
    The Times online log in page. Enter your username and password to login.
    06/27/2016 - 7:13 am | View Website
  • Top Ten Reasons to Oppose the IMF | Global Exchange
    The International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC.
    06/27/2016 - 2:56 am | View Website
  • iMFdirect
    by iMFdirect. Today at the IMF, the Governor of the People’s Bank of China, Zhou Xiaochuan, gave the Michel Camdessus Central Banking Lecture in Washington, D.C.
    06/27/2016 - 12:11 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