NEW YORK .- The savings banks are facing the private investors' doubts about the recognition of losses in real estate, according to an article in the Wall Street Journal (WSJ) entitled 'The bank bailout in Spain against the wind'.
The newspaper said that the capitalization of the savings banks is an important test of growing importance to Spain, especially after the markets have expressed their belief that Portugal will need the European rescue .
In this scenario, shows that eight savings groups should submit their plans to recapitalize the Bank of Spain, which has caused a flurry of activity in recent weeks of probing savings hedge funds (hedge fund) and private equity.
"But the exercise has sparked questions from investors about the level of reserves that banks have to face the risks of real estate in their portfolios," notes the WSJ.
institutions have also had to face questions about whether its executives have put enough distance between local politicians, and even understanding what is in the books by managers themselves, says the British newspaper.
On the other hand, notes that the English financial markets yesterday were not affected by growing signs of the need for recourse to the European rescue Portugal, suggesting that investors have more confidence in the ability from Spain to restore its economic problems.
also quotes analyst Fred Rizzo, who said "Spain is an attractive market in the long term," even though "the savings need of financial restructuring and recapitalization" that will allow comparison of 'apples to apples "with other European banks.
As for the IPO of the savings banks, the WSJ notes that the test of confidence in the English financial sector will jump to the stock of Bankia, whose capital needs are higher than planned placement by the group, according to a banker who does not identify the newspaper.
Paulson Funds, Apax and Cerberus
Paulson Investment funds, Apax and Cerberus have held meetings in recent months with various savings solutions to address their capital needs after the tightening of requirements by the Government, according to the Financial Times' (FT) of London.
While the major listed banks have been protected to the economic slowdown in Spain thanks to its international operations, the savings banks "are desperate to raise capital after they began to pass the appropriations bill for the housing bubble" , the paper said.
According to the newspaper, after meetings with investors, banks in trouble have expressed their opposition to the securities offered, to which the rebate has joined Moody's rating of a total of 30 English companies .
The deadline imposed by the Executive to recapitalize banks by their own means or have recourse to public funds has spurred the search for funds through the exit to the stock markets or through other ways of attracting private capital, says the 'FT'.
The newspaper said that Bank Base, integration leading CAM Cajastur and has abandoned the idea of \u200b\u200blisting and will accept partial nationalization through the support of Bank Restructuring Fund (FROB).
Paulson Funds, Apax and Cerberus
Paulson Investment funds, Apax and Cerberus have held meetings in recent months with various savings solutions to address their capital needs after the tightening of requirements by the Government, according to the Financial Times' (FT) of London.
While the major listed banks have been protected to the economic slowdown in Spain thanks to its international operations, the savings banks "are desperate to raise capital after they began to pass the appropriations bill for the housing bubble" , the paper said.
According to the newspaper, after meetings with investors, banks in trouble have expressed their opposition to the securities offered, to which the rebate has joined Moody's rating of a total of 30 English companies .
The deadline imposed by the Executive to recapitalize banks by their own means or have recourse to public funds has spurred the search for funds through the exit to the stock markets or through other ways of attracting private capital, says the 'FT'.
The newspaper said that Bank Base, integration leading CAM Cajastur and has abandoned the idea of \u200b\u200blisting and will accept partial nationalization through the support of Bank Restructuring Fund (FROB).
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