Spain Bank Audit to Reveal up to EUR65 Billion Capital Needs - Report
June 14 2012 - 3:03AM
Dow Jones News
A new audit of Spanish banks is expected to uncover capital
needs of between EUR60 billion and EUR65 billion, ABC reports,
citing a preliminary draft of a report by auditors Oliver Wyman and
Roland Berger.
The Spanish government has requested up to EUR100 billion in
European Union aid to recapitalize its ailing banks and has asked
for the external assessment to help determine exactly how much they
need. The results of the audit are due later this month.
-Write to Madrid bureau at djmadrid@dowjones.com
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