Author: Linda Hall

Originally from the UK, Linda is based in Valenca and is a reporter for The Euro Weekly News covering local news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com.

Sabadell bank looks to sell on its loans to underperforming companies

BANCO SABADELL is looking for ways of divesting itself of provisions for risky loans. Sabadell is also negotiating with other financial institutions to create a “bad bank” where they can transfer loans to companies likely to default. The bank, headquartered in Barcelona and Alicante, is meanwhile contemplating shifting a portfolio of dubious loans, according to […]