Bank customers in Catalonia are withdrawing symbolic amounts of money from financial institutions that have moved their official headquarters to other locations in Spain amid a political crisis over the region’s independence bid.
Sabadell, the Barcelona-based bank, said it will move its legal base out of Catalonia following threats by the region's leaders to declare independence. Spain's fifth-biggest bank said it would start the process on Friday to move its legal domicile to Alicante. Its headquarters and employees will remain in Barcelona.