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...
Spanish Prime Minister Pedro Sanchez on Monday described the potetial merger of Bankia and CaixaBank as "very positive" for the country's economy from a "financial and territorial point of view" as the announcement was "well received by investors."
"If this merger takes place, it will be the first...
Spanish bank Bankia has begun negotiations with CaixaBank over a possible €14 billion merger deal that would form the country's largest domestic lender with assets worth over €650 billion.
According to CaixaBank's statement filed with Madrid's stock exchange, the two companies are in talks...
Spain-based CaixaBank will reduce its workforce throughout the country by more than 2,000 employees or around 7.3% of the total workforce, local media reported on Thursday. Citing sources from the unions and from within the management of the bank, media relay that CaixaBank's plan is to...
Spain's third-biggest lender CaixaBank SA is contemplating the possibility to leave the Catalan capital in case the region declares independence, the Financial Times reported, quoting sources familiar with the matter. It would maintain its main office, but it may move its legal seat out of Barcelona,...
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