The Bankwatch

Tracking the consumer evolution of financial services

Early warning signs of Spanish banks in trouble

Spanish banks break ECB loan record | ft.com

Spanish banks are borrowing record amounts from the European Central Bank as the country’s financial institutions struggle to gain funding from the international capital markets.

….

“If the suspicion that funding markets are being closed down to Spanish banks and corporations is correct, then you can reasonably expect the share of ECB liquidity accounted for by the country to have risen further this month,” said Nick Matthews, European economist at RBS.

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Written by Colin Henderson

June 15, 2010 at 21:36

Posted in Uncategorized

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