CaixaBank S.A. has restored full functionality to its online banking services, including both its app and website, following a technical issue that disrupted access for several hours, according to sources from the bank speaking to EuropaPress on Thursday.The outage, which affected millions of customers,...
The Spanish lower house of parliament approved a new tax targeting banks on Thursday, focusing on their interest margins and commissions. Unlike the extraordinary tax in place during 2023 and 2024, which raised €1.7 billion this year, the newly introduced tax will remain effective for three years,...
CaixaBank SA is planning to cut 8,291 jobs and close 1,534 branches in Spain to save costs and later invest them in its merger with Bankia SA, a representative of the country's largest trade union, the Workers' Commissions (CCOO), stated on Tuesday.
The union said the bank itself provided it...
CaixaBank and Bankia unveiled on Friday the details of their planned merger, envisioned as the future biggest bank in Spain. According to their joint statement, the institution will keep the name and the brand of CaixaBank, which will 0.6845 of its shares for every Bankia's stock.
"With this operation,...
The boards of directors of Spanish lenders CaixaBank and Bankia gave the green light on Thursday to the proposed €14 billion merger deal that would form the country's largest domestic bank with assets worth over €650 billion, Spanish media reported.
In light of the approval, the top executives of...
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