Spain borrowing costs dip despite Cyprus crisis

MADRID: Spain's borrowing costs dipped in a bond auction Thursday, easing concerns that a feared banking meltdown in Cyprus could scare investors away from other troubled eurozone states.

Spain's banks 'need 59.3bn euros of eurozone loans'

Spain's banks will need an injection of 59.3bn euros ($76.3bn; £47.3bn) to survive a serious downturn, an independent audit has calculated.

Spain's bad bank pricing to favour lenders over investors

MADRID: Spain's so-called "bad bank" is planning to take over soured property assets from struggling lenders at a modest additional discount to book value in order to protect struggling banks from further losses, three senior banking sources told a news agency.

ESM Intends to Aid Spanish Banks in ‘Near Future,’ Regling Says

The European Stability Mechanism is on track to become operational in October and intends to work directly with Spanish banks in the “near future,” said Klaus Regling, who heads the euro area’s bailout funds.

Court delay, Spanish doubts hinder Merkel euro response

BERLIN (Reuters) - Chancellor Angela Merkel appears to be reaching the limits of German patience on the euro zone crisis, with the Constitutional Court and members of her own coalition seeking deeper scrutiny of whether emergency measures comply fully with national law.

EU watchdog warns banks still face major challenges

(Reuters) - The European Banking Authority said there remained significant challenges ahead for Europe's banks having just cleared the first hurdle to bolster their capital buffers.

Worried Banks Resist Fiscal Union

The seemingly endless series of euro zone crises has European officials pushing for a banking union that would watch over and bind together the currency group’s faltering financial institutions.

Europe bailout of Spain could cost $125 billion

MADRID: Spain will ask for a bailout for banks felled by bad real estate loans, in an about-face that European officials welcomed Saturday and said could cost up to (euro) 100 billion ($125 billlion).

Merkel open to idea of European banking union

BERLIN (AP) — German Chancellor Angela Merkel said Monday that she is open to establishing a European banking authority as a long-term solution to the continent's financial crisis.