trending Market Intelligence /marketintelligence/en/news-insights/trending/tvHEzr1dz_V1ugMjSobf7g2 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

Report: Spain to probe Caja Madrid over allegations of mortgage overvaluation

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


Report: Spain to probe Caja Madrid over allegations of mortgage overvaluation

Spain's High Court said March 30 that it will launch a probeinto four former executives of CajaMadrid over allegations that the bank "systematically"overvalued mortgages between 2002 and 2007, leaving the bank with a high-riskportfolio holding one of the biggest default rates in the country, Reutersreported the same day.

The court said it will also study accusations that the bankgave 20-year mortgages to foreigners who held only temporary residency permits inSpain.

The investigation was triggered by a case filed byshareholders of the bank.

Judge José de la Mata said the probe would focus on formerChairman Miguel Blesa, former financial director Ildefonso Sanchez, former riskmanagement head Ramon Martinez and Ignacio de Navasques, former head of unitTasaciones Madrid, the newswire noted.

A spokesman for the Spanish court clarified that no criminalcharges have been filed against the former Caja Madrid executives. The court,however, needs to assess the evidence to determine whether the case needs to goto trial.

Blesa, Sanchez and Martinez are involved in a separateinvestigation into the allegedmisuse of credit cards of ex-Caja Madrid executives and directors, Reuterssaid.

Caja Madrid was mergedwith six other savings banks to create BankiaSA in 2010.