Spanish banks need €51B-€62B in extra capital to survive a serious economic downturn,...
Thursday, June 21, 2012, 12:32 PM ETSpanish banks need €51B-€62B in extra capital to survive a serious economic downturn, independent audits from consultancies Roland Berger and Oliver Wyman show. The government will now use the assessments to determine how much it will ask for out of the €100B that the EU has made available to rescue the sector. The Bank of Spain says the country's three largest banks don't need extra capital.
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