Pressure on for Spanish banks’ restructuring

Only the largest of Spain’s merged savings banks or cajas were likely to succeed in raising capital through stock market offerings because of uncertainty about corporate governance and the value of property assets, according to Madrid investment bankers and senior commercial bank executives.

Banks and cajas had been given until 28 March 2011 to tell the Bank of Spain how they intended to raise new capital.

ESO: Background information: Spain brings in new bank capital rules http://www.europeansources.info/record/spain-brings-in-new-bank-capital-rules/

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