Loans | UPDATE 4-Banks' Rising Bad Loans Add To Spanish Troubles
May 19, 2012 – 7:05 am
* Spanish banks’ bad loans rise to 8.37 pct, 18-year high * Spain to name independent auditors for banks on Monday * goldman to carry out valuation of Bankia-sources * Moody’s downgrades 16 Spanish banks * Shares rebound to cut losses in grim week; Bankia up 25pct (Adds Hollande remarks) MADRID, May 18 (Reuters) – Spanish banks’ bad loans rose inMarch to their highest in 18 years, underscoring the
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