Spain’s leading lenders resist ‘bad bank’ plan

Article reported that a plan by Spain’s incoming centre-right government to drastically cleanse bank balance sheets with a national 'bad bank' along the same lines as Ireland’s Nama was meeting stiff resistance from stronger lenders such as Santander and BBVA in December 2011, according to Spanish bankers.

ESO: Background information: Pressure on for Spanish banks’ restructuring http://www.europeansources.info/record/pressure-on-for-spanish-banks-restructuring/

El País, 15.12.11: S&P downgrades ratings at 10 Spanish banks with new criteria http://www.elpais.com/articulo/english/S/26P/downgrades/ratings/at/Spanish/banks/with/new/criteria/elpepueng/20111215elpeng_14/Ten

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