Tag Archive for Provisions

EU Smiled While Spain’s Banks Cooked the Books, and Now We’re Surprised?

…back in 2008 and early 2009, Spanish regulators were riding high after their country’s banks seemed to have dodged the financial crisis with minimal losses. A big reason for their success, the regulators said, was an accounting technique called dynamic provisioning. By this, they meant that Spain’s banks had set aside rainy- day loan-loss reserves…

Spanish banks announce new provisions following reforms (via AFP) Full Story

Spanish banks announce new provisions following reforms (via AFP) Three top Spanish banks — Santander, CaixaBank and Bankia — Sunday said they would set aside some 10 billion euros in additional funds this year to meet new government reforms on risky assets. Santander, the biggest eurozone bank by market capitalisation, said it would set aside…