As the so-called ‘deposit war' in Spain draws to a close, banks looking for alternatives could boost the Spanish structured products market by as much as 30% this year, according to some estimates.
Spanish savings banks have been battling with each other to offer the most attractive fixed-rate deposits - in some cases one-year deposits with rates of over 4%. This has left structured products struggling to compete at a time when rates are still low.
Many of these deposits are due to expire in Mar
The week on Risk.net, July 7-13, 2018Receive this by email