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

[ASusilovic]

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.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aaEipNlpKWJ8

Ole !

 

[nazzdack]

Quote from ASusilovic:
.....Caja, Caja, Caja, Caja......

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

 

[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

 

[ASusilovic]

Quote from nazzdack:

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

If you stay the next time in Madrid, visit "La Cabana Argentina"...

http://www.lacabanaargentina.es/

 

[m22au]

zerohedge story:

http://www.zerohedge.com/article/failed-cajasur-fallout-accelerates-4-spanish-savings-banks-merge

 

[ASusilovic]

Quote from m22au:

zerohedge story:

http://www.zerohedge.com/article/failed-cajasur-fallout-accelerates-4-spanish-savings-banks-merge

Yeah, at zerohedge everything related to any sort of financial system is a "nuclear fallout"...

 

[nazzdack]

Quote from ASusilovic:
.....in Madrid, "La Cabana Argentina"...

"That" and the BoozeCruise, good times!