Britannia Radio

Fitch downgrades Spain's Santander, BBVA:

Fitch Ratings downgraded two Spanish banks, Banco Santander S.A. (STD, SAN.MC) and Banco Bilbao Vizcaya Argentaria S.A. (BBVA, BBVA.MC), by two notches, saying the rating actions reflected last week's downgrade of Spain and the expectation that the country will remain in recession through 2013.

EU floats worst-case plans for Greek euro exit::

European finance officials have discussed as a worst-case scenario limiting the size of withdrawals from ATM machines, imposing border checks and introducing capital controls in at least Greece should Athens decide to leave the euro.