MADRID, Oct 24 (Reuters) – Spain’s Caixabank and
Bankia posted a rise in nine-month profits on Friday,
as their core banking performance was boosted by lower costs and
higher charges to clients.
Both banks, though, reported a drop in lending.
Spanish banks are recovering this year from a deep financial
crisis. But they are still lumbered with higher levels of soured
loans than before the 2008 property crash, when they were forced
to shed assets and shrink their balance sheets.
MADRID, Oct 14 (Reuters) – Spain will sell a 21 percent
stake in its state-owned airports operator Aena to Corporacion
Financiera Alba, Ferrovial and British
investment fund TCI, Aena’s holding company Enaire said on
The deal is part of a partial privatisation of the world’s
largest airports operator.
MADRID (Reuters) – The leader of Spain’s Catalonia region will call off a referendum on independence from Spain planned for Nov. 9 and look for alternative ways to consult Catalans, a key regional political party said on Monday.
Esquerra Republicana de Catalunya, a pro-independence party that backs the regional government of Artur Mas said the Catalan leader had told it and other political forces during talks on Monday that he would not organize the referendum as planned.
MADRID (Reuters) – Spain’s Constitutional Court suspended on Monday an independence referendum called by Catalonia for November, although political forces in the wealthy north-east region forged ahead with a political campaign ahead of their planned vote.
Spain’s central government earlier on Monday asked the court to declare the vote illegal on the grounds that it breaches the country’s constitution.