The disturbing letter to Parliament from the association brings together the bulk of the Inspection. They warn that mistakes from the past are being repeated in the new wave of bank mergers and that the pandemic accentuates “the vulnerability” of the system “Our country has already embarked on a relevant concentration process, so the implementation […]
Tag: business and finance – financial and commercial services – banking services
The Supreme Court closes the distribution of expenses in abusive mortgage clauses: the appraisal also corresponds to the bank
The Supreme Court has finished clarifying what expenses users can claim from financial institutions after declaring null the clause that imposed all payments related to a mortgage. The Plenary of the Civil Chamber has agreed that the appraisal expenses correspond to the bank, contrary to what was included in the mortgage contracts for decades. The […]
Bitcoin heads to $ 40,000 triggered by the ‘fever’ of large investors
The bitcoin it advances at a record per day. What is new is not so much the record itself, but how long it will take to complete the next goal. For now, the closest are the 40,000 dollars to which it is already approaching after yesterday it stood at around 38,500. It rose more than […]
Unicaja and Liberbank, a forced merger open to integrating with a third party: “Everything is possible”
The Spanish banking sector has entered into a dynamic of consolidation so marked that not even entities that announce their merger rule out taking advantage of the opportunity, if it arises, to carry out a new merger with another bank. “Everything is possible”, they admitted yesterday Manuel Azuaga, president of Unicaja, and Manuel Menendez, CEO […]
Unicaja and Liberbank approve their merger and create the fifth largest bank in Spain: “It will be necessary to adopt labor measures”
The fifth bank of Spain takes shape. The boards of directors of Unicaja Banco and Liberbank gave the green light to the merger of these entities, which will form a single bank with a volume of assets of around 110,000 million euros. During the afternoon, the negotiations of the last few weeks were finally on […]
The main shareholder of Prisa removes Javier Monzón from the presidency with the support of Telefónica
Amber Capital, Prisa’s largest shareholder, has managed to dismiss Javier Monzón as president of this group that controls media brands such as El PaÃs or Cadena Ser. In this replacement of the greatest figure at the top of the company, Amber has counted with the support of Telefónica, according to sources from these companies consulted. […]
Oliu will leave his executive duties at Banco Sabadell with the arrival of González Bueno as the new CEO
The Chairman of Banco Sabadell, Josep Oliu, will leave his executive duties with the incorporation of Casar González Bueno as the new CEO to replace Jaume Guardiola, who retires after thirteen years as chief executive of the entity. The information has been advanced by the newspaper El PaÃs. The changes in the leadership of Banco […]
The shareholders of CaixaBank and Bankia approve the creation of the ‘superbank’
The CaixaBank Shareholders’ Meeting approved this Thursday the absorption of Bankia to create the largest bank in the country. The ‘green light’ of the owners of the Catalan group – added to that of the Bankia shareholders last Tuesday – means the backlog for the operation to close in the first quarter of 2021 if […]
Conthe, candidate for the Frob, rules out financial exclusion due to mergers: “Offices are closed in highly populated places”
The candidate proposed by the Government to preside over the Frob, Paula Conthe, believes that the new round of mergers announced in the banking sector will not lead to a worrying increase in financial concentration and rules out that it will worsen exclusion in some provinces of the country. “The duplication of offices and closures […]
Competition receives the CaixaBank-Bankia transaction and starts the merger clock
The National Markets and Competition Commission (CNMC) has already received the notification of the merger between CaixaBank and Bankia, which means the start of the countdown for the operation to be completed. The regulator now has one month to assess whether the creation of the ‘superbank’ reduces competition in the market and, in this case, […]