Post Profile

Customer Lawsuits Pummel Spanish Banks

Authored by Don Quijones via, After it collapsed, Banco Popular was discovered to have 55,000 complaints against it.   Following a succession of consumer-friendly rulings, bank customers in Spain are increasingly taking their banks to court. And many of them are winning. Last year an unprecedented wave of litigation against banks forced the Ministry of Justice to set up dozens of courts specialized in mortgage matters to prevent the collapse of the rest of the national judicial system.
read more


Related Posts

Rule letting U.S. dismantle giant banks in crisis should stay, Treasury Department advises

Business & Finance : LA Times: Business

U.S. bank watchdogs should retain the ability to dismantle massive, complex financial firms after a collapse, but they should ensure the power is reserved “as an emergency tool for use under only extraordinary circumstances,” the Tr...

Could Italy's Banking Crisis Drag Down Mario Draghi?

Business & Finance : Zero Hedge

Authored by Don Quijones via, Just don’t mention “Antonveneta.” A blame game has begun in Italy that risks casting a bright light on the leadership of both the Bank of Italy and Italy’s financial markets regulator Con...

EU Taxpayers Brace As Deepening Banking Crisis Means Euro-TARP Looms

Business & Finance : Zero Hedge

Authored by Don Quijones via, If the ECB scales back stimulus, banks face even greater risk of collapse. But now there’s a new solution Events are moving so fast in Europe these days, it’s almost impossible to keep up...

Is Another Spanish Bank About To Bite The Dust?

Business & Finance : Zero Hedge

Authored by Don Quijones via, Stockholders and junior bondholders fear another “bail-in.” After its most tumultuous week since the bailout days of 2012, Spain’s banking system is gripped by a climate of fear, uncertai...

Biggest EU Banks Embark On The Mother Of All Debt Binges

Business & Finance : Zero Hedge

Submitted by Don Quijones via, Spain’s three biggest banks, Banco Santander, BBVA and Caixa Bank, have got off to a flying start this year having issued €8.6 billion in new debt, seven times the amount they sold durin...


Copyright © 2016 Regator, LLC