Spain will formally send a letter requesting a bank rescue on Monday, says finmin De Guindos,...

|By:, SA News Editor

Spain will formally send a letter requesting a bank rescue on Monday, says finmin De Guindos, with a memorandum of understanding (which will contain the key provisions) set for July 9. In another headline, it's said the country is considering imposing losses on junior bank bondholders. Spanish shares momentarily dove lower, but have since regained their composure.