Sunday 20 November 2011

Spanish Banks Have $41 Billion of ‘Unsellable’ Real Estate

Nov. 18 (Bloomberg) -- Spanish banks, under pressure to cut property-backed debt, hold about 30 billion euros ($41 billion) of real estate that’s “unsellable,” according to a risk adviser to Banco Santander SA and five other lenders. “I’m really worried about the small- and medium-sized ...


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