• 2 Spanish banks merge amid tough times for financial sector

    12 days ago - By Chron

    LISBON, Portugal - Two of Spain's biggest banks are poised to merge and create the largest lender in the country, with assets of more than 600 billion euros , bringing the prospect of more job losses amid difficult times for the financial sector.
    The boards of CaixaBank and Bankia were due to meet Thursday to iron out the final details of a deal, an official at CaixaBank said. The person spoke only on condition of anonymity because the negotiations are confidential.
    The announcement of an agreement, which has been in the works for weeks, could be made in coming days to the Madrid stock...
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