trending Market Intelligence /marketintelligence/en/news-insights/trending/7rqxhYotFnh-4JgSIlwSQg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Senior EU judge favors Spanish banks in mortgage floor case

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Senior EU judge favors Spanish banks in mortgage floor case

A top European court has advised against forcing Spanishbanks to return to customers the billions of euros they paid for extra intereston home loans before a 2013 court decision, Bloomberg News reported the sameday.

Spain's Supreme Court in 2013 issued a ruling the use of minimuminterest rate clauses in residential mortgage contracts. A court in Madrid inApril already ordered approximately 40 banks, including , , and Banco deSabadell SA, to refund the extra interest paid on mortgages sincethe 2013 ruling.

EU Court of Justice Advocate General Paolo Mengozzi on July13 issued a nonbinding opinion to say Spain can apply a time limit because of"macroeconomic issues associated with the scale" of the unfairmortgage terms. Spanish banks would avoid having to make retroactive refunds tocustomers if the EU court were to follow Mengozzi's advice; it has followedsuch advice in most cases, according to Bloomberg.

Data from Morgan Stanley showed that Spanish banks generateda total of €1.1 billion from mortgage floors since the Spanish ruling in 2013and a combined €7 billion since 2008, the FinancialTimes also reported July 13.