Banco Santander (NYSE:STD)
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5 Years : From Jul 2012 to Jul 2017
A new audit of Spanish banks is expected to uncover capital needs of between EUR60 billion and EUR65 billion, ABC reports, citing a preliminary draft of a report by auditors Oliver Wyman and Roland Berger.
The Spanish government has requested up to EUR100 billion in European Union aid to recapitalize its ailing banks and has asked for the external assessment to help determine exactly how much they need. The results of the audit are due later this month.
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