Relevant:
- Bank Chief Steps Down as Spain Considers Rescue
- Commercial Loans to Bear Brunt of Future US Bank Losses
- Fearing Losses, Banks Are Quietly Dumping Real Estate Loans - The New York Times
- Banks Under-reserving for Commercial Real Estate Losses
- Spanish Savings Banks May Be Concealing Mortgage Losses, CreditSights Says
2012-05-21 — telegraph.co.uk
Taking guidelines from how badly Ireland's banks were hit in its financial crisis, economists at the global banking institute said they expect the losses to be in the range of between €216 and €260bn.
...
"The bulk of the losses would be generated by the commercial real estate loan portfolio, which is concentrated in the cajas," the Spanish savings and loan banks, it said.
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