The Bank of Spain has cautiously acknowledged praise of its supervisory model in the banking system, but is preferring to keep out of the limelight whilst the global financial system undergoes reform. The caution which characterizes the Spanish supervisory banking model has made it one of the big winners in the financial crisis. Authoritative institutions [...]
The Spanish Government is finalizing new measures to alleviate the financial problems which small and medium-sized companies are currently facing. Ministers are analysing ways which would allow those businesses to use the Official Credit Institute in order to obtain the necessary liquidity to carry out their daily activities. The move was confirmed by the Minister [...]
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 [...]
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 [...]
The six leading Spanish banks, which showed record profits of 30,000 million euros between 2006 and 2007, have fallen by 56,914 million on the stock market over the thirteen months of the current credit crunch crisis. Banco Santander has faired the best of them.
The virus attacking the financial sector since July of 2007 has wiped [...]
The Spanish telecoms operator and its partners in the Telco Consortium that controls Telecom Italia are placing their faith in a stock market recovery of the company, presided by Mr. Gabriele Galetari.
Telecom Italia is threatening to become a pebble in Telefonica’s shoe. The Spanish telecoms operator has notched up latent losses of over 2000 million [...]
We will need to wait another year to find out precisely what will be the interchange equation managed by Iberia and British Airways in their expansion project. However, the main players in this operation have already moved their pieces. Caja Madrid, Iberia’s most important shareholder, with around 23% of the company, has assured itself a [...]
It is in moments of crisis when innovation and research prove their real worth for the development of companies and countries alike. Zeltia’s shares have increased by 16% after announcing that it will present the application for Yondelis, for ovarian cancer.
Zeltia’s shares experienced a hike of 16.6%, up to 5.48 Euros, after confirming that it [...]
Iberdrola, the energy group will be using every legal loophole and short cut within its grasp to prevent the construction and services company from achieving its objectives, high up on the list being its aim to increase its stockholding and secure a place on the Board of Directors in order to integrate part of its [...]
