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Stress Tests May Penalize Spain Bank Bond Holdings: Confidencial 2013-11-19 07:37:06.796 GMT
By Charles Penty Nov. 19 (Bloomberg) -- ECB President Mario Draghi made clear in meeting with Spanish bank executives yesterday that holdings of public debt may be penalized in stress test exercise, El Confidencial reports. * ECB said it doesn’t expect any Spanish bank to fail exercise following stress tests conducted in Spain last year, news website says, without saying where it got the information * Any bank that does fail stress test would have to be recapitalized immediately and with public funds if necessary, El Confidencial says * For link to story, click on: {http://tinyurl.com/np6zxfd} * Calls to the ECB’s press department weren’t immediately answered * NOTE: Spanish lenders now hold 41 percent of the government’s bonds, up from 28 percent in 2010, according to Spanish Treasury data.
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To contact the editor responsible for this story: Charles Penty at +34-91-700-9654 or cpenty@bloomberg.net