SPANISH BANKS: Spain formally asked for help to rescue its ailing banks, but the request left many questions unanswered, including how much it needs of the $125 billion loan offered by other European governments.

RIPPLES: Stock in Citigroup, JPMorgan Chase and other banks slumped. Analysts expect banks in Europe and the U.S. to sustain losses if a major Spanish bank collapses and causes Europe’s financial system to freeze up.

Recommended Stories

Trump administration asks Supreme Court to lift block on Big Bend border wall construction

AIPAC ends endorsements and PAC contributions in favor of ‘new tools’

Abbott faces pushback from Democratic sheriffs after touting bipartisan endorsements