New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
May 17, 2012
13:09 EDTBBVA, STD, BBD, BSBRMoody's downgrades four Spanish regions on poor fiscal performance
Moody's downgraded the ratings of the Spanish regions of Catalunya, Murcia, Andalucia and Extremadura citing their poor fiscal performance in 2011 and the low probability that the regional governments will be able to meet the 2012 deficit target set by the central government. Moody's also confirmed the ratings of the regions of Castilla-La Mancha and Valencia, and of four government-related entities in Valencia, reflecting their non investment grade ratings and the significant liquidity support from the Spanish central government.
News For BBVA;STD;BBD;BSBR From The Last 14 Days
Check below for free stories on BBVA;STD;BBD;BSBR the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 22, 2014
06:15 EDTBBVABanco Bilbao wins auction to buy Catalunya Banc for EUR1.19B
The Management Commission of the Banking Restructuring Fund has accepted BBVAs bid in the competitive auction for the acquisition of Catalunya Banc S.A. As a consequence, BBVA has executed a sale and purchase agreement with FROB, by virtue of which FROB will sell up to 100% of the shares of Catalunya Banc to BBVA for the price of up to EUR1.19B. Closing of the sale and purchase transaction will be subject, among others, to the obtaining of the relevant administrative authorizations and approvals and to the effective closing of the transaction announced by Catalunya Banc to the market on July 17 whereby Catalunya Banc will transfer to an asset securitization fund a loan portfolio with a nominal value of EUR.6.4B.

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use