The Traderszone Network

Published in TZ Latest News 15 March, 2015 by The TZ Newswire Staff

Dreary home market spurs Spanish banks on to foreign climes

Subdued growth prospects at home are pushing mid-sized Spanish banks into foreign acquisitions that would have been impossible a few years ago as they struggled under the weight of bad loans. Helped in many cases by European Union rescue funds, Spain’s banks have reduced huge debts brought on by a property market crash and prolonged recession, and are now looking to grow.

read more