MADRID (Reuters) - Spain’s Supreme Court on Thursday ruled that banks and not clients must pay certain taxes related to mortgage loans, a court document showed, in a ruling that could potentially cost lenders hundreds of millions of euros in compensation.
After the court ruling, Bankia BKIA.MC fell more than 7 percent, while Banco Sabadell SABE.MC and Caixabank CABK.MC fell 6 percent and 5.5 percent respectively.
Reporting By Jesús Aguado; editing by Paul E. Day
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