Jump to content
House Price Crash Forum

Spanish Bank Cam Needs Bailout


Recommended Posts

It can't be a coincidence that this news is breaking on the same day as results of the revised bank stress tests are due to be published.

I feel that a run on CAM, similar to that on Northern Rock, is on the cards.

Even without one the news is worrying. CAM were in advanced merger discussions with three other cajas. These have fallen apart. I can only assume that the other cajas looked at Cam's books and shied away from the deal. This also leaves the government/BoS strategy of merging the smaller cajas into larger more sustainable businesses in disarray.

Hold tight, it could be a bumpy ride.

CAM in trouble

Link to post
Share on other sites

It can't be a coincidence that this news is breaking on the same day as results of the revised bank stress tests are due to be published.

I feel that a run on CAM, similar to that on Northern Rock, is on the cards.

Even without one the news is worrying. CAM were in advanced merger discussions with three other cajas. These have fallen apart. I can only assume that the other cajas looked at Cam's books and shied away from the deal. This also leaves the government/BoS strategy of merging the smaller cajas into larger more sustainable businesses in disarray.

Hold tight, it could be a bumpy ride.

CAM in trouble

Good-o...We've not had a good collapse for a few months. We need another one here to kick start the collapse.

Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
  • Recently Browsing   0 members

    No registered users viewing this page.



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.