[Anonymous]

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

[rt21]

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]

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