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Auditor of Spain’s banks described Anglo Irish as ‘model’ two years before its collapse
May 21st
Oliver Wyman is joined by Roland Berger to independently audit Spanish banks.
Bancaja considering offering Chairman’s position to man indicted for corporate crime
May 21st
Antonio Tirado has been indicted following his time at the Banco de Valencia
Europe mostly higher as resource stocks gain
May 21st
European stock markets attempt to push higher on Monday, with auto and oil stocks providing support, as the market looked for a foothold after a lack of big developments from the weekend Group of Eight meeting.
Brussels sending experts to Spain to check the sums
May 19th
It comes after Spain has increased the deficit forecast for the end of the year, after some regional government revised their figures.
Europe stocks fall after Spain bank downgrades
May 18th
Europe stocks come under pressure early on Friday, weighed by losses for resource and drug stocks with sentiment undermined by a downgrade of Spanish banks by Moody’s Investors Service late the prior day.
Moody’s downgrades 16 Spanish banks, including Santander and BBVA
May 17th
It follows a downgrade of 26 Italian banks last Monday, and Moody’s cut in the ranking of Spain’s sovereign debt on February 13.
Moody’s put Cataluña and Murcia at Junk Bond Level
May 17th
They join Valencia and Castilla La Mancha whose regional governments are considered to offer junk bonds.
Bankia shares recover slightly after 25 percent fall today
May 17th
The National Commission for Market Trading says that they will not suspend trading.
J.P. Morgan down again as financials weaken
May 17th
J.P. Morgan Chase & Co. falls 2.5% after a report of further derivatives losses, a standout among falling financials.
Spain holds succesful bond auction but at a much higher interest
May 17th
It’s the first auction since the Government announced new tougher measures last Friday
