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
Banking
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 Sabadell banks in merger talks
Spanish bank BBVA has confirmed that it is in talks with Banco Sabadell, which also owns TSB in the UK, regarding a possible merger between the two
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
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