Bank of Spain declines to comment on drop in Spanish bank shares

Kitco Media
By Reuters
Published:
Updated:
Reuters
MADRID, March 15 (Reuters) - The Bank of Spain said on Wednesday that it had no comment to make regarding sharp drops in the share prices of the country's top banks, as a slump in the share price of Credit Suisse hit Europe's banking sector. Shares in Sabadell , Santander and BBVA were between 9.3% and 8.8% down. Credit Suisse shares fell to new record lows after its biggest shareholder said it could not raise its 10% stake, citing regulatory issues. (Reporting by Jesús Aguado; editing by Emma Pinedo)

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