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BBVA to Opt Out of Spanish Bad Bank

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BBVA, Spain’s second-biggest bank, will not join domestic peers in investing around 2 billion euros ($2.6 billion) in the country’s so-called ‘bad bank’, 4 sources with knowledge of the matter said on Tuesday.

Santander and Caixabank will the be main private contributors with around 600 to 700 million euros each, while Sabadell and Popular will invest between 250 and 300 million euros, two of the sources said.

via Reuters

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency
trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza

@alfonso_forex

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