HALISTER: Spanish Banks Lose EU Case Over Mortgage Interest Repayments

Spanish Banks Lose EU Case Over Mortgage Interest Repayments

(Bloomberg) -- Spanish banks, including Banco Popular Espanol SA and Banco Bilbao Vizcaya Argentaria SA may have to give back billions of euros to mortgage customers after a ruling by the European Union’s top court.
  • Borrowers who paid too much interest on home loans prior to a May 2013 Spanish ruling on so-called mortgage floors are entitled to a refund, judges at the EU Court of Justice ruled in Luxembourg Wednesday
  • EU court says time limit on refunds is illegal
  • SEE: Spanish Banks Surge as Fears Subside Over EU Mortgage Ruling Link
Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
POP SM (Banco Popular Espanol SA)
SAB SM (Banco de Sabadell SA)
CABK SM (CaixaBank SA)
LBK SM (Liberbank SA)
BBVA SM (Banco Bilbao Vizcaya Argentaria SA)

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