Fitch downgrades two Spanish banks
Ratings agency says it has downgraded Spain's two largest international banks, Banco Santander and BBVA
Found more than 1 month ago on channel CBS
Real Estate Weighs on Santander
Spain's Banco Santander signaled it expects a turnaround in earnings this year after it reported it lowest annual results in more than a decade because of a costly cleanup of its Spanish real estate assets.
Spain’s BBVA splurges on China equities
Spanish bank Banco Bilbao Vizcaya Argentaria (BBVA) has put in motion plans to invest US$50 million, or half of its qualified foreign institutional investor (QFII) quota, in the China equities market, according to Securities Daily.
Markets React Badly To Spanish Bailout Plan
Spain's borrowing rates have shot to their highest since it joined the euro after 18 banks had their credit ratings downgraded by the Fitch ratings agency.
Found more than 1 month ago on channel Sky News