Spanish banks might need to set aside more capital

04/27/2012 | Economist (free content), The

Spanish banks have put aside €112 billion since 2008 as a cushion against loan losses. The government had hoped this would quash concerns about lenders' health. But data suggest more capital might be needed to absorb losses on mortgages. "People just do not believe the numbers," one analyst said. "There has been a lot of 'extending and pretending'."

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Economist (free content), The

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