Spanish banks face $4.2bln hit from EU loan ruling

ReutersNewsPublished: December 21, 20161 views
Published: December 21, 2016

Spanish banks must repay customers more than 4 billion euros ($4.2 billion) after Europe's top court unexpectedly overturned a Spanish ruling that capped liabilities relating to a disputed mortgage clause, posing a new challenge to some lenders. David Pollard reports.

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