We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Junk yard

26 Jul 2012 By Fiona Maharg-Bravo

Santander and BBVA have been rocks in a storm thanks to overseas profits. But they remain vulnerable. A downgrade of Spain to junk would be painful. If the banks really were quasi-supranational, the shares wouldn’t rally so much when the ECB president makes supportive noises.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)