Business
banking
Business
CatalunyaCaixa confirms the sale of its €6.4 billion high risk mortgages to US Blackstone
Society
Catalan Government finally approves tax on empty flats owned by financial institutions
Business
Nationalised bank CatalunyaCaixa leaves losses behind and posts a €532 million profit in 2013
Business
CaixaBank sells €1 billion in 10-year mortgage covered bonds below Spanish Treasury bonds' price
Business
€503 million profits for CaixaBank in 2013, ending a 4-year-long downward trend
Business
Banc Sabadell triples its net profit in 2013
Business
Catalonia’s independence would have “a major adverse impact on Spain’s economy” warns Moody’s
Politics
Obama avoids commenting on whether Catalonia’s independence would be a risk for Europe’s growth
Politics
Bank of Spain Governor: Catalonia’s independence would bring “bankruptcy”
Business
Catalunya Banc and unions reach a pre-agreement to reduce the mass lay-off from 2,450 to 2,153 workers
Business
Barcelona-based CaixaBank sells €1 billion in 3.5 year-bonds at a 2.5%
Business
Barcelona-based CaixaBank is considered the world's best bank in technological innovation
The British financial magazine ‘Euromoney’ has named the Catalan CaixaBank the world’s best bank in a technological innovation ranking. Furthermore, the publication considered CaixaBank to be the best Spanish bank for the second consecutive year. The Catalan entity is the largest bank within the Spanish market, ahead of the two world giants Santander and BBVA. Furthermore, CaixaBank leads online banking in Spain with 8.8 million clients.
Business
Banc Sabadell will buy Banco Gallego for 1 euro after a €245 million injection of public money
On Wednesday it became known that the Catalan Banc Sabadell would acquire Banco Gallego from the Spanish Fund for Orderly Banking Restructuring (FROB). However, the details of the operation were still being discussed and no detailed information was disclosed. On Friday, it was stated that the FROB – owned by the Spanish Government and the Bank of Spain – will inject €245 million of public money into Banco Gallego. In exchange, Banc Sabadell will buy the financial entity for the symbolical price of 1 euro but will take care of all the potential future losses.
Business
The Catalan Banc Sabadell to acquire the Banco Gallego
The offer, presented by Banc Sabadell, has won the tender for the acquisition of Banco Gallego, which was nationalised and owned by the Spanish Fund for Orderly Bank Restructuring (FROB). Banco Gallego was partially owned by Novagalicia Banco, the private bank resulting from Nova Caixa Galicia. The FROB has announced its decision although it also explained that the final details are still “being negotiated”. In the last year and a half, Banc Sabadell has bought the former Caja de Ahorros del Mediterráneo, the business activity of Caixa Penedès (part of Banco Mare Nostrum) and now Banco Gallego.