June 11, 2010

Caja Madrid Merging with Bancaja and 5 smaller Cajas to access Central Bank Bailout Money

Caja Madrid which was looking for a Bailout from the Spanish Central Bank is merging with another large Caja Bancaja.The Central Bank is pressurizing the Cajas(Socially […]
June 2, 2010

Spanish Cajas in trouble as S&P and Fitch cut debt ratings;Caja Madrid reported in need of 3 Billion Euro Bailout

Spanish Cajas have been in the news recently acting as the equivalent of the “subprime sector” during the US financial crisis.CajaSur was seized by the Spanish […]