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Tag Archives: rebound

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rebound

Spanish Banks Prepare for Rebound in Defaulted Payments

Due DiligenceBy SulemanBaigAugust 19, 2020

Spanish banks are preparing for a rebound in defaulted payments. The European Central Bank (ECB) has calculated its estimates following stress tests at the start of the month, revealing that various state-backed guarantee programs launched to boost credit during the coronavirus pandemic are likely to have a negative impact of around 21 billion euros. The…

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