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: fusion
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, […]
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 […]