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

Nearing the finish line

11 June 2010 By Fiona Maharg-Bravo

Caja Madrid and Bancaja are joining forces to create Spain’s largest savings bank. Neither is in great shape, which explains why they still need 4.5 billion euros of state capital. The funds will help them through the tough year ahead. But the messy structure is far from ideal.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)