Spain’s Big Five banks (already down from the Big Six) could soon be four.
By Nick Corbishley, for WOLF STREET: The ECB’s NIRP forever policy is crushing Eurozone banks’ ability to turn a profit, warned the CEO of Bankia, José Sevilla, on Monday. “It is clear that the current rate scenario is hurting the profitability of the banking business,” he said. “We think low rates are good and perhaps even desirable. But the … Read more