Breaking News

Japan July Industrial Output Rises 0.2% Against Estimated 1% Gain
Tweet TWEET

Spain May Make Banks Cut Property Asset Values, Expansion Says

Spanish Prime Minister Mariano Rajoy may instruct the country’s banks to cut the value of their real- estate assets by an average of 20 percent as part of a plan to make them declare potential losses and rebuild their credibility, Expansion reported, citing unidentified people with knowledge of the matter.

To contact the reporter on this story: Angeline Benoit in Madrid at abenoit4@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.