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
Banking
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
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
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
Santander fined over handling of dead customers’ cash
Santander’s UK banking division has been fined £32.8 million for failing to process accounts and investments of deceased customers, regulators said Wednesday. The Financial Conduct
Sánchez to override court on mortgage tax
The Spanish government will put forward legislation so banks, not clients, pay the tax on new mortgages, thus overriding a widely criticised Supreme Court ruling.