https://feeds.thelocal.com/ Read the latest news and views from Spain in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed One of Spain's failed banks, Galicia's NCG Banco has been purchased for €1 billion ($1.34 billion) — by Venezuelan bank Banesco. https://www.thelocal.es/20131219/venezuelans-snap-up-failed-spanish-bank Thu, 19 Dec 2013 13:32:00 +0100 venezuelans-snap-up-failed-spanish-bank Bad loans at Spanish banks struck a new record high in September, official data showed Monday, despite the near completion of a €41 billion eurozone-financed bailout of the battered financial sector https://www.thelocal.es/20131118/spanish-bank-bad-loans-surge-to-record-high Mon, 18 Nov 2013 18:10:28 +0100 spanish-bank-bad-loans-surge-to-record-high A Spanish judge ordered Thursday the release from jail of the former head of Spanish savings bank Caja Madrid, who is under investigation for alleged mismanagement at the lender, a judicial source said. https://www.thelocal.es/20130621/judge-frees-bank-boss-after-court-rejects-probe Fri, 21 Jun 2013 11:01:34 +0200 judge-frees-bank-boss-after-court-rejects-probe The weight of bad loans held by Spain's banks grew in April, the Bank of Spain said on Tuesday, a sign of the difficulties facing the bailed-out banking sector. https://www.thelocal.es/20130618/bad-loans-rise-as-spains-banks-buckle Tue, 18 Jun 2013 15:43:16 +0200 bad-loans-rise-as-spains-banks-buckle A Spanish court on Wednesday ordered the detention of the former head of the savings bank Caja Madrid who is under investigation over alleged mismanagement, three weeks after he was released on bail after spending a night in prison. https://www.thelocal.es/20130606/spanish-bank-boss-faces-jail-in-florida-takeover-row Thu, 06 Jun 2013 10:19:00 +0200 spanish-bank-boss-faces-jail-in-florida-takeover-row Spain's "bad bank", a key player in the country's effort to clean up the bad-loan ridden financial system, said on Monday it has sold off 550 homes since the end of February when it began its operations. https://www.thelocal.es/20130604/spains-bad-bank-begins-property-flog-off Tue, 04 Jun 2013 10:35:32 +0200 spains-bad-bank-begins-property-flog-off Spain unveiled plans on Friday to tighten the rein on the regional savings banks blamed for triggering its financial crisis, the latest step in an overhaul of its bailed-out banking sector. https://www.thelocal.es/20130503/spain-reins-in-unruly-regional-banks Fri, 03 May 2013 19:18:00 +0200 spain-reins-in-unruly-regional-banks Global credit rating agency Moody's warned on Friday that Spain's battered banks face a grim outlook even after a European-funded rescue, with high levels of bad assets set to worsen "significantly" in the recession. https://www.thelocal.es/20130405/ratings-group-paints-grim-picture-for-spains-banks Fri, 05 Apr 2013 15:55:00 +0200 ratings-group-paints-grim-picture-for-spains-banks The burden of bad loans held by Spanish banks shot up again in January, after a brief blip in December which saw the ratio ease for the first time in 17 months. https://www.thelocal.es/20130319/banks-bad-debts-rise-again Tue, 19 Mar 2013 13:09:00 +0100 banks-bad-debts-rise-again The so-called "bad bank" set up by Spain to purge the nation's crisis-hit finance sector has kicked off operations and targets selling off €1.5 billion in toxic assets in 2013, the government said on Tuesday. https://www.thelocal.es/20130312/bad-bank-makes-good-start Tue, 12 Mar 2013 17:28:00 +0100 bad-bank-makes-good-start Four mid-sized Spanish banks, including debt-ridden Bankia, are poised to transfer billions of euros in soured property assets to a government-backed 'bad bank'. https://www.thelocal.es/20130227/spains-bad-bank-absorbs-bankias-dodgy-debts Wed, 27 Feb 2013 12:17:00 +0100 spains-bad-bank-absorbs-bankias-dodgy-debts