Tags » Banco Popular

Toxic Debt Still Plagues Spanish Banks (and Taxpayers Will End Up Paying for It)

Years after Crisis Was “Solved.”

Europe’s banking authorities are finally beginning to pile pressure on poorly performing banks to clean up their books, something that should have happened a long, long time ago. 245 more words

Brussels Business

Spain's Government Unveils Cunning Plan to Allay Banking-Related Jitters

There’s one little catch…

The Spanish Government has a brand new cunning plan to fortify the country’s banking system, which was rocked last year by the collapse of the sixth biggest bank, Banco Popular. 256 more words

Brussels Business

Count Up: 121 Days after Hurricane Maria Made Landfall & 135 Days after Hurricane Irma Made Landfall in Puerto Rico.

AEE reports 84.50% of Puerto Rico has electricity today.

Banco Popular’s original building in Viejo San Juan. One of my favorite places.

Photography

Why bank capital has a problem

 

By: Thomas Hale

When Banco Popular failed on June 7, it wasn’t just the bank that failed. The incident also marked the failure of a new breed of bank debt which was engineered to recapitalise banks according to a whole new regulatory philosophy. 1,633 more words

Financial Stability

The Next Spanish Bank Teeters, at Worst Possible Time

It just doesn’t let up with these banks.

The timing could not have been worse: just as Spain faces its biggest constitutional crisis in over 40 years with Catalonia’s independence vote, another bank has begun to wobble. 190 more words

Spain

Nina Droz: 20 days in solitary confinement and counting

Update: On August 16, 2017, Nina’s mother went to visit her at the Metropolitan Detention Center (MDC) and she was not allowed to see her. Apparently, her visitation rights have been suspended for 180 days. 964 more words

Puerto Rico

Leaked: EU Plans to Freeze Deposits to Prevent Bank Runs

Desperate Times, Desperate Measures

Following a spate of drastic banking interventions in Spain and Italy earlier this summer, the European Commission is preparing new legislation to prevent bank runs from completely wiping out Europe’s hordes of zombified lenders. 203 more words

Brussels Business