Spanish Mortgages Decline at the Fastest Rate Since the Housing Boom Ended The number of mortgages issued for Spanish homes in April registered a drop unseen since the end of the housing boom, confirming the weakness of a real-estate market that is penalizing the country’s banks and growth. Read more on Bloomberg
Tag Archives: Spanish
Interest rates rise in Spanish bond sale
Interest rates rise in Spanish bond sale Spain had to pay higher interest rates to raise 3.876 billion euros via a bond sale Tuesday as investors remained nervous about whether the country may need a debt rescue like Greece and Ireland. Read more on AFP via Yahoo! News
Spanish Banks With $167 Billion of Assets Plan Four-Way Merger
Spanish Banks With $167 Billion of Assets Plan Four-Way Merger Four Spanish savings banks plan to combine to form the nation’s fifth-largest financial group with more than 135 billion euros ($167 billion) in assets, as regulators push ailing lenders to merge with stronger partners. Read more on BusinessWeek