Caja Madrid has decided to ramp up its presence in Indra. Over the last few weeks, the Madrid bank has been buying up small packages in the company and now owns 5% more than before. In its newest purchases, it has invested approximately 122 m€. The bank now owns 20 %of the technology company and [...]
In the midst of a liquidity crisis which is threatening to engulf small and medium-sized businesses, Caja Madrid is granting 2,250m € under preferential conditions to help pay wage bills, social security, rent and supplies. Additionally, it will offer credit for investments with a two year grace period.
Small business owners who are finding themselves choked [...]
Elena Laguía, representative for the Spanish Electrical Equipment Manufacturers Association, which is taking part in the “EP China 2008” trade fair in Peking, told the Efe news agency “Spanish renewable energies technology is a possible door to the Chinese market in this sector.”
Laguía said “Spanish technology in the renewable energies sector is quite good and [...]
The prediction yesterday by José Luis Rodríguez Zapatero, the Spanish prime minister, of mergers among the country’s weaker banks merely brought into the public domain a looming reality accepted months ago in private by Spanish bankers.
“When there’s a time of grave crisis like this, it’s likely that there will be merger situations and restructurings not [...]
Banks have crumpled throughout Europe but the real economy is more or less alright. In Spain, it is the other way round. The economy is in recession, unemployment is soaring, and the property market - one of the world’s most elevated - has crashed. Oddly, however, Spanish banks seem to be fine.
This is largely thanks [...]
AEB and Ceca agree that the Spanish banking system has no cause for alarm and that no financial entity is in trouble. They don’t believe there is a need to raise the current deposit coverage of €20,000.
The recent spectacular bankruptcies that have shaken the banking sector in the US and a number of European countries [...]
Investment firms admit to the Spanish Securities and Exchange Commission (CNMV) that they hold short positions worth more than 700 million.cnmv
MADRID: The market players are starting to put their cards on the table. Following the call from the Spanish Securities and Exchange Commission (CNMV) to investors to publicly inform of any short positions (a [...]
The savings bank pushes preparations ahead for the stock market flotation of its holding company in November, but does not rule out last-minute changes.
Despite the financial hurricane currently hammering down on stock markets all over the world, Caja Madrid continues to push ahead with its preparations for the public stock flotation of its financial holding [...]
The Board of Directors at the National Energy Commission looks set to approve the acquisition of Union Fenosa by Gas Natural on Thursday, according to sources at the regulatory body. They went on to explain that analysis of the operation has focused specifically on whether or not to apply Function 14, where powers are conferred [...]
Spain is currently experiencing a tremendous boom in its sporting, business and cultural activities, so why not make the most of the opportunities presented from a financial standpoint too? A case which comes to mind and which is in the news lately is Caja Madrid’s creation of its “Cibeles Caja Madrid Holding”. The ensuing company [...]
