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...
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Banking & Finance
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...
Caixabank’s profits up 17% in 2018 to €1.98bn
Catalonia’s largest bank, Caixabank, made profits of 1.98 billion euros in 2018, a 17.8% rise over the previous year, the National Securities Market Commission (CNMV)...
Banco Santander post 18% rise in profit
Spanish banking giant Banco Santander on Wednesday posted an 18% rise in 2018 net profit as revenue growth in Spain offset the negative impact of...
Santander shuts UK branches as online banking surges
Santander is to shut almost one fifth of its British branches following a surge in online banking, the Spanish group said on Wednesday. Santander said...
Spanish bank BBVA suspected of corporate spying
Spain’s second-largest bank BBVA is suspected of having used a disgraced former police chief to illegally tap the phones of journalists, politicians and businesspeople to...
Rodrigo Rato points finger at Bank of Spain
Former IMF chief Rodrigo Rato said Tuesday that the Bank of Spain knew all that was going on at Bankia as he testified for the...
