Spanish banks seek mergers as outlook darkens

[Article] Vague de fusions dans le secteur bancaire espagnol.


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Spanish banks seek mergers as outlook darkens.Barcelona (AFP) - A wave of mergers is sweeping across the Spanish banking sector as lenders face up to a pandemic-induced recession, ultralow interest rates and growing competition from financial technology startups.CaixaBank, Spain's third-largest bank,...
This article was published Tuesday, 24 November, 2020 by AFP
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Bankia and Caixabank are two of the Spanish banks which have recently announced plans to merge © AFP/File GABRIEL BOUYS


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