The FROB had ordered external valuations, which found that their liabilities far exceeded their assets.
WSJ: Spain Brings the Pain to Bank Investors
Representatives for the FROB and Mckinsey weren't immediately available to comment on the decision.
The money you give the FROB Europe and distribute it to banks is counted as debt.
FORBES: Spanish Social Media Anger at Euro Bailout Grows
Details of the bail-out money, channelled via Frob, a restructuring fund, will be finalised on July 20th.
ECONOMIST: Spanish woes
The restructuring terms announced by the FROB will impose losses of up to 61% at Spain's largest nationalized banks.
The bailout fund, known as the FROB, has decided to hire consultancy McKinsey Co. and investment bank Nomura International PLC as advisers, say people close to the situation.
应用推荐
模块上移
模块下移
不移动