Spanish companies welcomed again by the markets and foreign investors
By Tania Suárez, in Madrid | Thanks to the current environment of improved trust and confidence levels, Spanish companies and banks have reopened the primary…
Markets
Santander, BBVA and Caixabank need €13.28 in extra provisions
By Julia Pastor, in Madrid | Last week, Rajoy’s government passed a Royal Decree, which forced all the Spanish financial entities to provision a total amount…
The financial City of Madrid supports De Guindos’ plan
By Tania Suárez, in Madrid | Most Spanish financial analysts agree in their perception of Santander and BBVA as being favoured by the financial reform…
Mild recession but EMU intact, says NIESR
LONDON | The London-based National Institute of Economic and Social Research on Friday put its baseline forecast for global growth on 3.5% for 2012. The NIESR gave…
Eurocomparisons: BBVA profits fell by 34.8%; Deutsche Bank’s by 76%
By Tania Suárez, in Madrid | BBVA earned 34.8% less compared to last year, not such a significant figure when compared to Deutsche Bank’s (the…
Plans to force mergers in Spanish banks might backfire
[UPDATE] By Juan Pedro Marín Arrese, in Spain | The Spanish government will disclose on Friday its plans for a massive clean-up in mortgage-backed bad loans…
Desperate British bankers and the knighthood raiders
LONDON | Who in Britain would place faith in the good nature of bankers? While Wednesday afternoon the House of Commons played volleyball blaming either Labour…
Zero hedge, but tons of garbage
WASHINGTON | Since it started, in January 2009, Zero Hedge has marked a new style in financial journalism. It is anonymous, and its main ‘writer’,…
Santander’s Botín to Spanish banks: it can be done, good results and provisions
By Tania Suárez, in Madrid | Banco Santander’s 4Q11 results are better than expected: it has registered attributable net profit of €5.351 billion, down 35%,…
Catalan CaixaBank does a Barça
