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Spain orders audits of banks

Set aside billions, institutions told

Spain told its banks Friday to set aside another $40 billion to cover potential losses on real estate and ordered an independent audit of their debts, an effort to restore confidence in a sector that is at the heart of the country’s financial crisis.

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  • Headline: Spain orders audits of banks
  • Publication: Business, Pages 29 on 05/12/2012
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