Banking, finance, and taxes
PIIGS Banks Get Reprieve From Spain (STD, BBVA, NBG, AIB, IRE)
Published:
Last Updated:
Yesterday was Portugal helping out, today is Spain… Debt sales that is. A debt sale in Spain is so far being hailed as a minor success and this comes on the heels of a similar successful debt private placement yesterday from the smaller and more troubled Portugal. With two PIIGS getting out of the bacon factory for another day, the rest of the PIIGS are getting some reprieve.
Spanish banks are higher. Banco Santander, S.A. (NYSE: STD) is up 3.8% at $11.30 and Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA) is up almost 7% at $11.02 in pre-market trading.
National Bank of Greece SA (NYSE: NBG) is trading up 2.3% at $1.73 in the pre-market.
In the land of leprechauns and four-leaf clovers, Allied Irish Banks plc (NYSE: AIB) is up 1.1% at $0.88 and The Bank of Ireland (NYSE: IRE) is higher by about 2% at $2.62 in the pre-market.
JON C. OGG
Ever wanted an extra set of eyes on an investment you’re considering? Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help guide you through the financial decisions you’re making. And the best part? The first conversation with them is free.Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.