Spain's banks borrowed a record €130.2 billion ($166.9 billion) from the European Central Bank (ECB) in July, up 3% for the month, data published on Friday by the Bank of Spain showed.
The sum is the largest lent to Spanish banks by the single currency zone's central bank since its establishment in 1999. The spike in lending follows results of stress tests which showed five Spanish banks would be left with tier one capital ratios of less than 6% under an adverse macroeconomic scenario - the
- Quant Finance Master’s Guide 2019
- People moves: SocGen adds in prime services, Deutsche fills new rates hole, HSBC makes model move, and more
- Cross-currency swaps could hasten RFR shift in Australia
- Podcast: Kenyon and Berrahoui on the pitfalls of PFE
- EU parliament OKs no-action powers but leaked doc signals delay