Former IMF chief Rodrigo Rato said Tuesday Spain's central bank knew all that was going on at Bankia as he testified for the first time in a trial over the alleged fraudulent listing of the bank he once led.
Spain's Supreme Court on Wednesday confirmed former IMF chief Rodrigo Rato's jail sentence of four years and six months for misusing funds in a case uncovered at the height of the economic crisis, causing outrage.
Spanish authorities announced Thursday they have pressed charges against CaixaBank, the nation's third largest lender, for breaching money laundering laws by turning a blind eye to dubious transfers by Chinese companies.
Spain's Banco Santander, the eurozone's biggest lender, will slash 1,100 jobs as part of a restructuring following its purchase of smaller rival Banco Popular, unions said Tuesday.
Banco Santander, the eurozone's biggest lender, said on Thursday that its bottom line shrank in the third quarter, hit by the cost of integrating smaller rival Banco Popular, which it acquired in June.
An autopsy on the body of the former head of Spanish bank Caja Madrid, who was sentenced to six years in prison for graft, confirms he committed suicide, officals said on Thursday.
Spanish prosecutors have asked for former IMF chief Rodrigo Rato to be jailed for five years over the failed 2011 listing of Bankia, a bank he led which later had to be rescued by the state.
Santander, the eurozone's largest bank, is expected to come out stronger from its rescue of smaller Spanish rival Banco Popular, though job cuts, "toxic" assets and legal challenges by disgruntled shareholders may make the process bumpy, analysts say.
Spanish bank, Banco Popular, is "failing or likely to fail" following a significant deterioration of its liquidity situation and would therefore be sold to Banco Santander, the European Central Bank said on Wednesday.
A Spanish court is probing seven former executives of HSBC's private Swiss bank on suspicion of money laundering following an investigation of documents in the Swissleaks scandal on bank-supported tax evasion, legal sources told AFP Thursday.
Spain's anti-corruption prosecutor on Friday allowed former IMF chief Rodrigo Rato to remain free and without judicial supervision despite a jail sentence of four years and six months for embezzlement.
The former head of Spain's central bank was charged Monday for allowing the troubled Bankia bank to list on the stock exchange in 2011, despite alleged "repeated warnings... that the group was unviable."
Spain's struggling Banco Popular said on Monday that it has slashed over 2,600 jobs, about 18 percent of its workforce, in the latest round of cost cutting by a Spanish lender.
Spanish banks, which slimmed down after a property boom went bust in 2008, are once again closing branches and slashing jobs as their profitability is hit by stiff competition.
Spain's CaixaBank on Monday announced its second takeover bid in just over a year for the 56 percent of Portugal's fourth-biggest bank BPI that it does not already control.
A former banker, twice jailed for embezzlement committed when he was chairman of Banesto bank more than two decades ago, is behind bars again after he was arrested on suspicion of money laundering.
Spain's Santander, the eurozone's biggest bank, said Wednesday during a meeting with unions that it plans to slash up to 1,200 jobs in its Spanish home market.
Spanish police on Wednesday searched the Madrid branch of China's biggest lender ICBC as part of a probe into suspected money laundering, smuggling and violation of workers' rights.
A German startup is offering Spaniards the chance to avoid the hassle of long queues and awkward opening hours of Spanish banks and do everything on a smartphone - and in English.
Bailed-out Spanish financial giant Bankia misrepresented its accounts ahead of its doomed 2011 stock listing which coincided with suspect buying and selling of its shares, central bank experts claimed on Thursday.
BBVA, Spain's second-largest bank by market value, will close half of its branches in Portugal and lay off a quarter of its staff in the country, a source familiar with the plan said on Tuesday.
Santander, the eurozone's biggest bank by market value, said Tuesday its profits jumped by 52.1 percent in the third quarter due to higher earnings in its main markets and lower costs.
Prime Minister Mariano Rajoy on Sunday said Spain's banking system was in "stupendous" shape after almost all of the country's banks passed a European Central Bank stress test exercise.
Scandal-hit Bankia on Friday announced improved earnings on the back of reduced bad debt ratios, news that comes in the midst of allegations top executives at the institution used 'secret' cards to make lavish personal purposes.
Spain's third-biggest bank by capitalization CaixaBank is to buy Barclays' Spanish operations for €800 million ($1.1 billion) as the British bank undergoes major restructuring, Barclays said on Sunday.
