Rescate banca

Healthy Spanish banks still have to pay €7.5bn for their peers

MADRID | By Julia Pastor | In the Spanish banks restructuring process, the €100 bn credit line coming from Brussels was crucial. However, Spain’s financial sector also saved itself by transferring €7.5 bn from the banks in better conditions to those that were nationalized, basically via contributions to the Deposit Guarantee Fund and the national bad bank Sareb. [Picture: “Banks should pay for the crisis”]

Minister Luis de Guindos

Spain’s bad bank may never turn good

MADRID | Dumping damaged assets at a price much below accounting value and cumulated provisions will entail large own resources imbalances for the banks taking part in the Sareb bank. JP Marín Arrese is sorry for taxpayers.