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Reports by consulting firms Oliver Wyman and Roland Berger, and a separate report by audit firms looking into the books of Spanish banks
03/11/2011
Consulting firms estimated 62 billion euros will be needed to recapitalize Spain's banks. This is similiar to figures of Fitch Ratings and the IMF. The consulting firms of Oliver Wyman and Roland Berger used informaton provided by the Bank of Spain and did not look directly into the books of individual banks because of time constraints. The Spanish government is doing a separate detailed audit using audit firms which will examine the books of the 14 largest banks and report by the end of July. Disagreement between Mr. Alumnia, Spain's representative at the EC and the Spanish government about whether some banks should be closed.
Grouped Articles
For Spain, Accusations of Lagging on Reforms
New York Times 06.20.2012
Spanish Aid Plan Is Flawed, Says IMF
Wall Street Journal 06.22.2012
Euro Zone Eases Budget Demand on Spain
Wall Street Journal 07.10.2012
Spanish Official: Slow Reaction to Crisis
Wall Street Journal 07.18.2012
Germany Makes Last Pitch Before Vote
Wall Street Journal 07.18.2012
Auditors Prepare for Spain's 'Bad Bank' Plan
Wall Street Journal 08.02.2012
Spain Needs $76 Billion to Recapitalize Its Banks, Audit Finds
New York Times 09.28.2012
Spanish Banks Beat Expectations
Wall Street Journal 09.29.2012
Wall Street Journal 10.18.2012
German Refusal on Bank Aid Mars European Summit
New York Times 10.19.2012
Spanish Banks Agree to Layoffs and Other Cuts to Receive Rescue Funds in Return
New York Times 11.28.2012
Wall Street Journal 11.29.2012
Wall Street Journal 03.11.2011
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