Banks' rising bad loans add to Spanish troubles

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MADRID (Reuters) - Spanish bank bad loans rose in March to their highest in 18 years, figures from the Bank of Spain showed on Friday, underscoring the problems facing the government as it attempts to clean up the sector and get its economy back on track. The Bank of Spain said bad loans rose to 8.37 percent of the banks' outstanding loans, the highest since August 1994 and up from 8.3 percent in February, which was also revised higher. The data came as Spain was set to name independent auditors to assess how much cash its banks are likely to need to rebuild their balance sheets. ...




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