Dodgy banks

Old Jul 15th 2011, 9:05 am
  #1  
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Default Dodgy banks

A bit worrying.
Of the eight EU banks that failed the stress test five were located in Spain, though not any of the major players as far as I can tell.

Names of the five are shown in the link.

http://www.reuters.com/article/2011/...76E4AH20110715
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Old Jul 15th 2011, 8:13 pm
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Default Re: Dodgy banks

Do we know which banks were subject to the tests?

i.e. was my bank tested and it passed or was it not tested and could fail in the near future.?
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Old Jul 15th 2011, 9:51 pm
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Default Re: Dodgy banks

On the front page of expansion.com at the minute http://www.expansion.com/

Personally I'd avoid any bank that had a "caja" in their name - to me that indicates they are similar to Uk building societies and thus more exposed to property loans. But, having said that Unicaja and Caja Vital have strolled through the test with high marks.
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Old Jul 15th 2011, 10:16 pm
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Default Re: Dodgy banks

Originally Posted by Fredbargate
Do we know which banks were subject to the tests?

i.e. was my bank tested and it passed or was it not tested and could fail in the near future.?
Ranking of Spanish banks.
Though I'm not entirely clear on what basis they present these figures.


http://www.euroresidentes.com/Proper...s_mortgage.htm
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Old Jul 15th 2011, 10:34 pm
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Default Re: Dodgy banks

Thanks Guys

I have to move an appreciable amount of money around and was told to wait until the results of the Stress Test came out.

Also told to avoid any bank with Caja in it's name.

I bank with Unicaja but can also work with BBVA, they both appear to be OK
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Old Jul 16th 2011, 4:55 am
  #6  
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Default Re: Dodgy banks

The CAM bank in the Alicante province has a large number of expat accounts and has lent heavily to the building sector. They already have a ridiculous number of repossessions which they can't sell at any price.

They are now offering quite reasonable five to seven year rentals on new properties on unfinished urbanisations and there are some bargains out there.
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