Search: null

CatalunyaCaixa’s announcement to become a bank puts an end to all the savings banks in Catalonia

February 3, 2011 12:29 AM | CNA / Gaspar Pericay Coll

All the Catalan savings banks are in the process of becoming regular banks. In the last 6 days, all the savings banks have been defining their future and they are all going in the same direction: transforming their structures into those of a regular bank. The first stage was the merging process that took place before summertime and now, with the new banking rules at international, European and Spanish level, savings banks are finding it easier to continue operating as regular banks. The old model is thus finished.

The Catalan Government assures it has enough money to pay salaries

February 2, 2011 12:03 AM | CNA / Xavier Alsinet / Gaspar Pericay Coll

The Chairman of the Centre-Right Catalan Nationalist Group in the Catalan Parliament Oriol Pujol stated this morning that the Catalan Government could “practically not pay the salaries” of public workers. However the Catalan Government from the same party calmed public opinion saying that although the situation was difficult, civil servants would not need to worry. The Catalan Government needs new credits to get liquidity and is expecting authorisation from the Spanish Government.