santander

Business

Spanish banks will use their own resources to get the 26,121 million euros needed according to the new rules

October 27, 2011 11:43 PM | CNA

The Spanish stock exchange celebrated the European Summit’s results by increasing 4.96% in a one day of trading. The main managers of the Spanish banks are convinced they will get the requested core capital with their own resources. In addition, they believe they will need 13.5 billion euros, and not 26.1 once the detailed calculations are made. Spanish financial circles consider the new rules, adopted to counteract French and German banks’ exposition to Greek sovereign debt, do not particularly benefit Spanish banks, which almost do not hold any Greek debt. In addition, as was the case with the stress tests, the criteria to analyse the bank situation ignores Spain’s proposals and imposes those benefiting German banks.

Society

20 years since the creation of Catalonia’s first private university, the Universitat Ramon Llull

May 12, 2011 03:57 PM | CNA / Gaspar Pericay Coll

The Universitat Ramon Llull (URL) was created 20 years ago and brought together several prestigious educational institutions, such as ESADE, IQS and Blanquerna. Over the last 20 years, the university has gained recognition and is now on the European Association of Universities’ board. Banco Santander’s President Emilio Botín, the Spanish Minister for Education and the Catalan political class gathered for the 20th anniversary celebration.