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Name of bank used by the Spanish? Nonsense (8)

Ross

I believe the answer is:

doggerel

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'nonsense' is the definition.
(I've seen this before)

'name of bank used by the spanish?' is the wordplay.
'name of bank' becomes 'dogger' (I can't justify this - if you can you should give a lot more credence to this answer).
'used by' is a charade indicator (letters next to each other).
'the spanish?' becomes 'el' ('the' in Spanish).
'dogger'+'el'='DOGGEREL'

Can you help me to learn more?

(Other definitions for doggerel that I've seen before include "Unpretentious verse" , "Terrible poetry" , "Poor quality comic or trivial verse" , "Verse lacking artistry" , "Badly written verse" .)

I've seen this clue in The Times.
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