It only takes a few moments to share an article, but the person on the other end who reads it might have his life changed forever.

Wednesday, October 03, 2012

UPDATE 1-Spain to promote bad bank to investors in London | Reuters

UPDATE 1-Spain to promote bad bank to investors in London
| Reuters


Spain's Economy Minister Luis de Guindos will meet investors in London on Thursday in the hope of tempting them to buy into the country's newly-formed bad bank that will house billions of euros worth of soured real estate assets.
Spain expects private investors to own over half the entity, into which troubled lenders will offload foreclosed property and bad loans, in a move aimed at freeing their balance sheets and unblocking the flow of credit to businesses and families.


No comments:

Post a Comment