Spain Banks Hide EU50 Billion in Bad Assets

 June 27 (Bloomberg) -- Spanish banks have 50 billion euros($70.7 billion) in unrecognised problematic real estate assets,El Confidencial reported, citing a report by the BostonConsulting Group.     The consulting group estimates that Spanish banks needbetween 20 billion euros and 30 billion euros in additionalcapital and that Spain’s bank rescue fund, known as the FROB,could end up taking over 20 percent of the banking industry, ElConfidencial added.