We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

State coup

18 Sep 2020 By Christopher Thompson

The Valencia-based lender is buying government-controlled Bankia to create Spain’s largest domestic bank. With cost savings worth more than 3 billion euros, the 20% premium looks small. Taxpayers and regulators are helping CEO Gonzalo Gortázar take it off the public’s hands.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)