October 19: Industry Risk - Major Spanish Banks to Maintain Sound Performance Despite Challenges
Location: London
Author:
Date: Monday, October 19, 2009
Fitch Ratings says in a report published last week that the Spanish banking system has weathered the global financial crisis successfully to date with no need for capital support from the state. This is due to its retail banking focus, prudent regulation and limited exposure to structured products and complex instruments.
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