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Spanish banks may reportedly need to set aside €150B ($189B) in provisions for bad loans,...
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Monday, June 18, 2012, 9:05 AM ETSpanish banks may reportedly need to set aside €150B ($189B) in provisions for bad loans, an independent assessment will show when it is released this week. That's well above an IMF estimate of €40-€80B and includes provisions for retail mortgages. It's a fair guess that the speculation is a factor, along with bad-loan figures, in the rout of Spanish bonds today.
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