Banking System

19.04.2013 - 09.52 pm 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...	17.04.2013 - 10.07 pm 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...	18.03.2013 - 09.58 pm Javier Solana is "surprised" about Cyprus' tax on individual bank deposits The former leader of the European Union diplomacy and now an International Relations professor at the Barcelona-based ESADE business school, Javier...	25.02.2013 - 10.06 pm CaixaBank announces a restructuring plan with 3,000 job losses in Spain The Barcelona-based bank, CaixaBank, which leads the Spanish retail banking market, is planning to lay off 3,000 workers in order “to adapt to the...
11.02.2013 - 06.30 pm Banc Sabadell posts €81.9 million profit in 2012, 64.7% less than last year The Catalan Banc Sabadell finished 2012 with positive results and net benefits of €81.9 million. Banc Sabadell has now reached 5th position among the...	01.02.2013 - 09.49 pm Barcelona-based CaixaBank earns €230 million in 2012, after raising its core capital to 11% The CaixaBank President, Isidre Fainé, is optimistic about 2013, which “will be better than the year left behind”. The attributable net profits of...	11.01.2013 - 08.57 pm Banc Sabadell places €1 billion in five-year covered bonds in less than two hours The Catalan bank has issued debt securities for €1 billion that attracted a demand of €3.4 billion. As other multinational companies such as...	09.01.2013 - 10.02 pm Barcelona-based CaixaBank issues €1 billion in senior bonds attracting huge international demand The operation has rocketed CaixaBank shares in the Spanish stock exchange market, which increased by 11.75% in just one day. The Catalan CaixaBank,...
18.12.2012 - 09.23 pm The Catalan Government creates a tax on bank deposits with expectation of earning €500 million per year With this decision, the Catalan Government wants “to safeguard” its power to adopt this type of tax or the equivalent revenue, after the Spanish...	18.12.2012 - 09.14 pm Banc Sabadell to buy the Catalan savings bank Caixa Penedès Banc Sabadell and Banco Mare Nostrum have reached a definitive agreement over the transfer of Caixa Penedès’ territorial network and business in...	16.11.2012 - 10.35 pm Catalunya Banc’s selling proceedings re-start The Spanish Fund for Orderly Bank Restructuring (FROB), which is run by the Bank of Spain and the Spanish Government, has announced that it will re-...	29.09.2012 - 11.00 am Spanish banking system’s stress tests show that CaixaBank and Banc Sabadell do not need additional funds However, CatalunyaBanc would need a maximum of €10.83 billion in the most stressed scenario. According to the independent audit by Oliver Wyman, with...
06.07.2012 - 09.58 pm Catalan CaixaBank awarded the ‘Best Bank in Spain 2012’ by Euromoney The British financial news publication has also awarded the Spanish Santander the ‘Best Bank in the World 2012’. Euromoney emphasised CaixaBank’s...	21.06.2012 - 10.05 pm CaixaBank, BBVA and Santander resist the stress test and would not require bailout money Independent auditors state that in the worst possible scenario the Spanish banking system would need up to €62 billion. The Eurozone agreed to put at...	07.06.2012 - 10.17 pm CatalunyaCaixa would need an additional €4.5 billion to meet the last financial requirements According to the Bank of Spain’s Deputy Governor, the Catalan bank would need an additional amount of €4.5 billion to meet the capital requirements...	30.05.2012 - 09.23 pm Banc Sabadell’s President defends the work of the current Bank of Spain Governor Josep Oliu, President of Banc Sabadell, thinks that if somebody is to be made responsible for the current crisis, a thorough analysis of the...