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Spanish banks are renewing their overseas efforts. Santander penned a deal in Feburary with India's Tata Group to open stores across the subcontinent. Flush with cash and facing hard times at home, Spanish companies are again looking abroad. Full Article at Spiegel Online
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larger | smaller By h.b. - Nov 4, 2009 - 1:02 PM Germany angry as General Motors cancels sale of Opel to Magna The uncertainty for the Opel workers at Zaragoza continues. Full Article at Typically Spanish
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Spaniards do not usually go for foreign clubs. They respect the finest teams and traditions, but would never extend that to support as they have enough glamour in their own country. Full Article at The National Newspaper
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Madrid – Spanish banks are hiding the true extent of their losses and the crisis in Spain's financial sector has still not reached its peak, international credit ratings agency Moody's warned on Tuesday. Full Article at Expatica
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By Christopher Bjork MADRID -- Spanish banks are failing to recognize the true scale of their losses amid a deep slump in Europe's fifth-largest economy, something that could hamstring the sector's growth for years, Moody's Investors Service said... Full Article at Wall Street Journal
Related Quotes
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We must be vigilant against burdening industry with excessive costs, and resist any moves that place restrictions on investor choice, leaving the EU open to accusations of protectionism ... The EU must remain an attractive destination for venture capital.
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It’s a diversified international bank with a strong capital base that’s able to pay a good yield while many others cannot
SOURCE: Bloomberg.com -
The results are pretty strong with non-performing loans coming under control and they’re building up capital organically
SOURCE: Bloomberg.com -
They are going to take some hits
SOURCE: Bloomberg.com
