Santander announce profits of €8.1bn for 2021, with digitalisation a key focus
Banco Santander has published a strong set of results this week, posting profits of 8.1 billion euros for 2021. The results confirm that the bank...
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Banking & Finance
Banco Sabadell announces strong results, with no plans to sell TSB
A strong set of results has been announced by Spain’s Banco Sabadell, as the bank also confirms that is has no plans to sell its...
Banco Santander sees strong Q3 results, largely due to UK and USA markets
Spanish banking giant, Banco Santander, announced its third quarter results on Wednesday, showing that it is bouncing back strongly from the pandemic with a significant...
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...
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...
