BBVA will maintain control of the new superbank that will result from the merger between the Basque entity and Sabadell. The managers of both groups are making progress in the integration negotiations and there is already an agreement for the distribution of charges in the governance of the new group, in the absence of these […]
Tag: Bank of Madrid
The PSOE manages to liquidate its bank debt and take away the Ferraz headquarters after his return to power
For the Manual of Resistance that of the Christian Democrat Giulio Andreotti, who was seven times the Christian Prime Minister of Italy, and ended up titled one of his books with his most famous phrase: “Power wears down, but it is better not to lose it”. This political truth can be noted in the accounts of Pedro […]
The Frob blesses the absorption of Bankia by CaixaBank: “It will facilitate the recovery of aid”
The Fund for Orderly Bank Restructuring (Frob) has definitively blessed the absorption of Bankia by CaixaBank by concluding that it will facilitate the recovery of part of the billions of public euros allocated to the rescue of the entity in the year 2012. The public body has issued a report this Friday in which […]
The inspection of the Bank of Spain questions Bankia’s sentence: “Mysteries remain”
The board of directors of the Association of Inspectors of the Bank of Spain questions the ruling of the National Court that acquits the defendants in the so-called Bankia case of fraud and accounting falsification. In a letter to his associates to which this newspaper has had access, he ironizes that, in view of the […]
The banks anticipate negative rates until 2031 and ask the Government to be cautious when withdrawing stimuli to avoid a “cliff effect”
The quicksand in which Spanish banking moves can be longer than the managers of the sector planned. To the consequences of the current economic crisis, such as low credit demand and the expected increase in delinquency, is a negative interest rate scenario that could be extended until 2031. Financial markets expect the Euribor to remain […]