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Finance - Top Headlines & Latest Trends

Catalan bank depositors flock to other regions to open new accounts

Catalan bank depositors flock to other regions to open new accounts

2017-10-10 03:05:41, reuters.com

FRAGA, Spain (Reuters) - Some Catalan residents were shifting their bank accounts to lenders and branches in other regions of Spain on Monday with the aim of safeguarding their savings should Catalonia declare independence and tumble out of the European Union. In Fraga, a rural town just across the border in neighboring Aragon, dozens of clients of Caixabank () and BBVA () arrived early in the morning and queued for hours to open accounts

 

Finance

Two Spanish banks study moving HQ from Catalonia as business alarm deepens

Two Spanish banks study moving HQ from Catalonia as business alarm deepens

2017-10-05 20:08:05, reuters.com

MADRID (Reuters) - Two of Spain’s biggest banks, Sabadell and Caixabank, are considering moving their headquarters out of Catalonia, a sign that the wealthy region’s push for independence from Spain could scare away big business. The board of Banco Sabadell, Spain’s fifth-largest bank, was holding an extraordinary meeting on Thursday to consider whether to move from the city of Sabadell, the bank said in a statement

 

Banking Institutions

The startup looking to revolutionize the Spanish banking experience

The startup looking to revolutionize the Spanish banking experience

2015-12-03 18:51:43, thelocal.es

A German startup is offering Spaniards the chance to avoid the hassle of long queues and awkward opening hours of Spanish banks and do everything on a smartphone - and in English.

 

Investments

Victory for 'misled' investors as Bankia ordered to repay

Victory for 'misled' investors as Bankia ordered to repay

2016-01-28 12:19:20, thelocal.es

Spain's Supreme Court ruled on Wednesday that "serious inaccuracies" in financial giant Bankia's 2011 stock listing led investors into error, opening the way for hundreds of millions of euros in compensation

 

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