NEWS FROM SPAIN is pleased to provide this opportunity to share information, experiences and observations about what's in the news. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.
|
Posted On 10:08
by Reportage
|
|
Banco Base, Spain’s third-largest savings bank, will apply for €2.8bn ($4bn) from the state-backed bank restructuring fund – nearly twice the capital shortfall estimated by the Bank of Spain.
A spokesman for Alicante-based CAM, one of the banks that merged to form Banco Base, was unable to say on Tuesday why the bank would apply for more than the central bank’s estimate.
