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Montevideo, April 13th 2024 - 06:45 UTC

Tag: Sabadell bank

  • Saturday, October 7th 2017 - 08:15 UTC

    Madrid decree makes it easier for companies to move location out of Catalonia

    Economy Minister Luis de Guindos said: “This is the result of an irresponsible policy that is causing uneasiness in the business community.”

    Spain’s government has approved a decree that would make it easier for companies in Catalonia to move the location of their official registration out of the region. The move will allow the relocation of Caixabank, Spain’s third largest bank by assets, before next week, when separatist authorities in Catalonia want to declare independence.

  • Friday, October 6th 2017 - 07:57 UTC

    Top Spanish bank moving out of Catalonia because of independence scare

    Shares in Sabadell, the second-biggest bank in Catalonia and the fifth largest in Spain, have fallen 10% this week as the political crisis in Catalonia deepened.

    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.