Four Spanish banks seek to combine businesses creating 5th largest lender

Discussion in 'Wall St. News' started by ASusilovic, May 24, 2010.

  1. May 24 (Bloomberg) -- Caja Mediterraneo, Grupo Cajastur, Caja Extremadura and Caja Cantabria submitted a plan to the Bank of Spain that would see them merge their risk control, treasury, credit assessment and compliance functions, creating the fifth- largest lender in Spain with more than 135 billion euros in assets, Caja Mediterraneo said in an e-mailed press release.

    Ole !:p
  2. 1) Tapas! Sangria! :D
    2) Bank mergers tend to be bearish. Even more so when there are more than two entities involved. :eek: :(
  3. WinSum


    The holy grail of any serious financial market player must now be: Become Too Big To Fail or Too Integrated with Counter Parties on opaque derivatives To Fail
  4. If you stay the next time in Madrid, visit "La Cabana Argentina"...
  5. m22au


  6. "That" and the BoozeCruise, good times! :) :D