Banco Sabadell seeking to cut 1,900 jobs and close 250 branches
Banco Sabadell is seeking to cut 1,900 jobs in Spain, around 13% of staff in its home market, a trade union negotiating with the bank
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Banking & Finance
Last day to exchange any remaining pesetas in circulation to euros
Today (30 June) is the last day to exchange any remaining pesetas into euros. Those still in possession of the original Spanish currency have been
CaixaBank to cut over 8,000 jobs in Spain’s biggest banking staff reduction
CaixaBank has revealed plans to cut nearly a fifth of its workforce and to close hundreds of branches in the months ahead. The significant restructuring
After CaixaBank completes Bankia merger, what’s next for Spain’s largest bank?
Since CaixaBank formally acquired Bankia last Friday, following the biggest merger this century in Spain’s banking sector, it began trading on the stock market this week as
BBVA and Banco Sabadell abandon merger plans
Spain’s second-largest bank BBVA and Banco Sabadell have abandoned plans for a merger, as first divulged last week. The two banks had previously announced that they
Rodrigo Rato, former head of IMF, acquitted in Bankia trial
The former head of the International Monetary Fund (IMF), Rodrigo Rato – who was also a People’s Party (PP) finance minister and a deputy prime minister in Spain
CaixaBank and Bankia merger confirmed
The boards of Spain’s CaixaBank and Bankia have approved a merger plan between the two, which will create Spain’s largest financial institution. The new bank
CaixaBank and Bankia in merger talks
Two of Spain’s largest banks, CaixaBank and Bankia, are in talks regarding a possible merger, it has been confirmed by both financial institutions. A merged
EU court says Spain’s mortgage pricing could be abusive
Spanish banks could end up paying out billions of euros in compensation following a statement from the advocate general of the Court of Justice of
Chinese protest against ‘racist BBVA’ in Madrid
Hundreds of Chinese citizens staged a rare protest today at an office of Spain’s BBVA bank in Madrid, angrily denouncing that their personal accounts had