Dodgy banks
Jul 15th 2011, 9:05 pm
#1
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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
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
Jul 16th 2011, 8:13 am
#2
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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.?
i.e. was my bank tested and it passed or was it not tested and could fail in the near future.?
Jul 16th 2011, 9:51 am
#3
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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.
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.
Jul 16th 2011, 10:16 am
#4
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Re: Dodgy banks
Though I'm not entirely clear on what basis they present these figures.
http://www.euroresidentes.com/Proper...s_mortgage.htm
Jul 16th 2011, 10:34 am
#5
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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
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
Jul 16th 2011, 4:55 pm
#6
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Location: Alicante province
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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.
They are now offering quite reasonable five to seven year rentals on new properties on unfinished urbanisations and there are some bargains out there.
