BANKING SECTOR

BBVA-Sabadell merger talks cap decade of forced consolidation for Spanish banks

The tie-ups and acquisitions taking place in Spain since 2009 are unmatched elsewhere in Europe, and the trend is expected to continue

INTERIVEW

José Ignacio Goirigolzarri: ‘Political conflict doesn’t save lives or create jobs’

The president of Spanish bank Bankia says politicians should make a concerted effort to understand one another

INTERVIEW

Antonio Huertas: ‘We have to break the mental confinement’

The chairman of Spain’s leading insurance company Mapfre believes we have to deal with the psychological fallout from the coronavirus lockdown in order to return to normal life and beat the pandemic

CORRUPTION

Spain’s BBVA under formal investigation in vast spying case

The second-largest bank will be probed for bribery, disclosure of secrets and corruption as part of wider court proceedings against retired police chief José Manuel Villarejo

WORKPLACE RIGHTS

Problems on day one of Spain’s new clocking-in system: “This is not going to be useful”

Small businesses are having trouble implementing the new rules, which force all companies, regardless of size, to keep track of worker schedules

CORRUPTION

Spanish bank sends letter to employees in wake of spying accusations

BBVA is alleged to have hired retired police chief José Manuel Villarejo to carry out industrial espionage in order to fend off an unwanted shareholder

ECONOMY
Catalan independence

How and why capital fled Catalonia

The global repercussion of the Catalan crisis has alarmed international companies, pushing them to move their legal headquarters

spanish news

Miguel Blesa: a symbol of all that went wrong in Spanish banking

Autopsy confirms suicide of former Caja Madrid chief, who was found dead on Wednesday

BANKING

Claims lawyers see lucrative market in Popular’s disgruntled shareholders

Investors who lost everything in the Santander takeover may be the next big thing for law firms

SPAIN-CHINA RELATIONS

Chinese investment in Spain quadrupled in 2016

Country seventh biggest recipient of funds from Asian nation in Europe, receiving €1.7 billion

BLACK CREDIT CARDS

Bank execs who returned money in Spain’s credit card case could avoid jail

But court unlikely to exempt senior Caja Madrid officials, among them former IMF boss Rodrigo Rato

BLACK CREDIT CARDS

Ex-IMF chief Rato sentenced to four-and-a-half years over credit card scandal

Spain’s High Court finds Rodrigo Rato and 64 other bank officials guilty of misappropriation of funds

BANKIA flotation

Top Bank of Spain officials resign over High Court probe into Bankia IPO fiasco

Three executives said they would step down just hours after being called in for questioning by judge

BANKING SECTOR

Bank of Spain finally set to clarify role in handling of financial crisis

Governor says time has come for “an overall view” of its actions between 2008 and 2012

TAX CRIMES

Ex-IMF chief evaded €6.8 million, says Spanish Tax Agency

Report finds former politician Rodrigo Rato used a network of companies to avoid paying dues

Banking

Spain’s Bankia to refund all clients over “abusive” mortgage clauses

Bank has set up “express repayment process” it says is in its best interests and those of customers

MORTGAGE FLOOR CLAUSES

Government, opposition reach deal on “floor clause” refunds for mortgage holders

Banks will have to inform clients of these conditions, if they have them, and of the refund process

BANKING BAILOUT

Spanish bank bailout cost taxpayers €41.8 billion, Audit Court finds

New report says full amount may still climb higher, and confirms that a large chunk is unrecoverable

PERSONAL FINANCE

If you have a mortgage in Spain you could be eligible for a refund

Supreme Court ruling opens door to claim back some costs associated with taking out a home loan

BANKIA SCANDAL

Ex-IMF chief in the spotlight as Bankia credit card trial gets underway

Rodrigo Rato and 64 other defendants are accused of misusing millions of euros from the failed lender

BANKING CRISIS

Bank of Spain says €26bn of bailout will never be recovered

Authorities acted too late in response to collapse of banking system, say experts

BANKING

Moody’s reduces the outlook for Spanish banking sector

The decision comes less than a week after Spain’s six major lenders easily passed EU stress tests

BANKING

Spain’s six leading banks all set to pass the EU’s stress tests

Bankia, BBVA, Santander, CaixaBank, Popular and Sabadell will receive good grades when results are released on Friday

BUSINESS

Spanish lenders close as many as a million unclaimed bank accounts

Despite frantic calls and letters from banking firms in Spain, small balances and in some cases huge sums are likely to be passed on to the taxman

CRIME

Banks stop paying consumer group after leader held on extortion charges

For years, Luis Pineda asked lenders to take out expensive ads or face negative magazine coverage

OPINION

Four hours with Mario

In the wake of the arrest of the disgraced former Banesto chief, EL PAÍS business reporter Íñigo de Barrón recalls a 2013 interview with Conde