Spain property

Spain Could Yet Regret Its Incomplete Banking Solution - Wall Street Journal (blog)

Bloomberg

Spain Could Yet Regret Its Incomplete Banking Solution Wall Street Journal (blog) By SIMON NIXON It has been nearly five years since Spain's property market imploded. Since then, the fallout from the real-estate bust has caused a banking crisis that in turn has led to a sovereign-debt crisis. It was, therefore, essential that ... Spanish banks: Government moves to protect banks from toxic real estate holdingsGlobalPost Spain Coaxes Banks to Merge as Extra Time Given to Purge LossesBloomberg Spain tells banks to cover toxic assets or mergeSan Francisco Chronicle RTE.ie all 20 news articles »

BBVA Swings to Loss on US Charge - Wall Street Journal

BBVA Swings to Loss on US Charge Wall Street Journal BBVA is sitting on €5.1 billion in properties it has foreclosed on since the Spanish downturn started in 2008. The Spanish government is rolling out new banking rules Friday that will force the country's banks to increase their loan loss buffers on ... BBVA Swings To Loss On US Goodwill Charge; Bad Loans UpFox Business BBVA Posts Its First-Ever Quarterly Loss on US, Bad LoansBusinessWeek all 32 news articles »

BBVA Has First Quarterly Loss on U.S. Goodwill, Spain Property Provisions - Bloomberg

Bloomberg

BBVA Has First Quarterly Loss on U.S. Goodwill, Spain Property Provisions Bloomberg The bank held back from booking extraordinary charges for Spain's collapsed real-estate market, unlike its bigger rival Banco Santander SA (SAN), as the Spanish government prepares to today unveil new rules aimed at making banks recognize more losses ... and more »

Spain approves bank reforms to clean up real estate mess, revive banks and ... - Washington Post

CNN

Spain approves bank reforms to clean up real estate mess, revive banks and ... Washington Post MADRID — Spain's new conservative government on Friday imposed sweeping new rules it hopes will flush out bad property loans and foreclosed property from the financial system, restore confidence in banks and set the ailing economy back on track toward ... Spain Gives Banks That Merge Two Years to Clean Up Real EstateBusinessWeek Spain Orders Banks to Set Aside More Money for Problem Property AssetsNew York Times Spain Coaxes Banks to Merge With Extra Time to Purge LossesSan Francisco Chronicle Reuters -New Zealand Herald all 202 news articles »

Spanish real estate assets hit Santander profits - Overseas Property and Investment News

Overseas Property and Investment News

Spanish real estate assets hit Santander profits Overseas Property and Investment News One of the reasons given by the company for its poor performance is its exposure to toxic Spanish property assets. The financial institution has set aside €1.8 billion to cover losses on repossessed dwellings in the south European nation at 50 per cent ... Santander to Complete Real Estate Cleanup in 2012, Botin SaysBloomberg Spain's Popular profit slumps on property provisionsReuters Santander Profit Slumps After Spanish Real-Estate CleanupBusinessWeek RTT News -Wall Street Journal all 214 news articles »

Is Murcia set to be a hotspot for Spanish property investment? - Overseas Property and Investment News

Overseas Property and Investment News

Is Murcia set to be a hotspot for Spanish property investment? Overseas Property and Investment News Murcia looks set to be the next big destination in Spain and buyers may want to consider their investment options here, if one local agent is to be believed. Steve Long, chief executive officer of CasaCalida Property Group, has highlighted several ... Murcia tipped to become a property hot spotProperty Community all 2 news articles »

BBVA net profit hit by Spanish property, US writedowns - Reuters

AFP

BBVA net profit hit by Spanish property, US writedowns Reuters MC), Spain's second-biggest bank, fell 35 percent to 3 billion euros ($4 billion) last year, hit by provisions for bad property loans at home and a previously announced one-off charge on its US business. Spanish lending has dwindled as the jobless rate ... BBVA takes €1.5bn writedown on US businessFinancial Times all 109 news articles »

Property or home in Southern spain

Spain Makes Banks Address $66 Billion Property Hole
Spain is forcing its banks to recognize and deal with an additional 50 billion euros ($66 billion) in losses on assets left over from the country's property crash, renewing efforts to cleanse its sickly lenders' balance sheets.

Spain Coaxes Banks to Merge, Purge Losses
Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the nation’s property boom four years ago.

Spain Coaxes Banks to Merge as Extra Year Given to Purge Property Losses
Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the nation’s property boom four years ago.

Spain makes banks address 50 billion euro property hole
MADRID (Reuters) - Spain is forcing its banks to recognise and deal with an additional 50 billion euros (41 billion pounds) in losses on assets left over from the country's property crash, renewing efforts to cleanse its sickly lenders' balance sheets. Spanish banks had already written down property holdings and bad loans to housebuilders by about 30 percent in an earlier financial sector reform ...

BBVA Has First Quarterly Loss on U.S. Goodwill, Spain Property Provisions
Banco Bilbao Vizcaya Argentaria SA (BBVA) , Spain ’s second-biggest bank, posted its first quarterly loss after booking charges for goodwill at its U.S. unit and cleaning up bad loans.

Spain Coaxes Banks to Merge With Extra Time to Purge Losses
Spain’s new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the nation’s property boom four years ago.

Spain Cabinet OKs banking sector reform plan
Spain's new conservative government approved Friday a plan forcing banks to set aside an estimated euro50 billion ($65 billion) more in provisions to cover toxic real estate assets, in a bid to restructure a sector critical to reviving the country's economy.