Banks' rising bad loans add to Spanish troubles

MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector. The Bank of Spain said bad loans rose to 8.37 percent of banks' outstanding loans, the highest since August 1994 and up from 8.3 percent in February, which was ...

Amigo Loans and the dangers of being a guarantor

A new loan company is offering loans without credit checks or fees. The catch? You need to persuade someone who owns their own home to guarantee it.

Rising level of bad loans adds to Spain's economic crisis

SPANISH BANKS’ bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector.

UPDATE 4-Banks' rising bad loans add to Spanish troubles

* Spanish banks' bad loans rise to 8.37 pct, 18-year high * Spain to name independent auditors for banks on Monday * Goldman to carry out valuation of Bankia-sources * Moody's downgrades 16 Spanish banks ...

Spanish Banks’ Bad Loans Worsen as Recession Bites: Economy

More Spanish loans soured in March, fueling concern that the government’s focus on making banks clean up real estate was too narrow as the country’s economy entered a recession.