Spain's Liberbank plans 500 mln euro capital increase to shore up finances

ArticleBanking crisisSeptember 14, 2017 - 5:08:37 AM

While Spain is facing a political crisis with Catalonia's desire for independence, economically nothing has been solved. New bank failures are emerging.

Spain’s Liberbank, one of the country’s weakest lenders, proposed a 500 million euro ($597 million) capital increase on Wednesday in order to set aside more money against non-performing assets.

Source:Reuters

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