Monday, December 19, 2011

EXPERTS SAY ONLY 7 BANKS MAY WOULD EXIST AFTER RAJOY'S MEASURES

Everybody is waiting for the measures that the new spanish primer minister Rajoy is going to announce before the 31st of December. Labour reform and financial reorganization for the second wave of privatizations in the Spanish financial sector. This proccess will directly afect to investers; that's why the National Commission of the Stock Market (CNMV) is asking them for inform transparently about the real value of the stockholding. The aim is to not make problems because of irregular sales.

Experts say that no spanish bank may can keep existing without a merger having less than 100.000 milion € in assets. It would mean that only seven financial institution would exist.

This proccess will start in less than 6 months from the annoncement of these measures. It will affect to the stock market, also.



Xabier

No comments:

Post a Comment