Spanish bank downgrades Favourite Spanish Property Insight › Forums › Spanish Property Forums › Real Estate Topics, News & Discussion › Spanish bank downgrades This topic contains 1 reply, has 2 voices, and was last updated by rt21 9 years, 7 months ago. Author Posts June 16, 2009 at 5:11 am #55062 AnonymousParticipant Quite a number of reports on this today: http://www.ft.com/cms/s/0/08b858e6-457b-11de-b6c8-00144feabdc0.html http://online.wsj.com/article/BT-CO-20090615-711294.html Key issue are mortgage defaults and other bad loans in the Spanish marketplace. It is only going to get worse. Santander is one of only two Spanish banks to escape a downgrade. Andy June 16, 2009 at 11:24 am #92648 rt21Participant It’s interesting to note that Caja Madrid and Santander have lent Real Madrid 150 million euros for their transfer policy I think it’s time my wife and I reviewed our savings accounts with Santander’s subsiduaries, Abbey National and Alliance & Leicester, before we catch a cold. Richard Author Posts The forum ‘Real Estate Topics, News & Discussion’ is closed to new topics and replies.