The sight of Miguel Blesa, the former chairman of Caja Madrid, being driven to jail in a police van suggests Spain may be calling bankers to account after the nation needed European Union funds to bail out lenders.
Novacaixagalicia, a Spanish savings bank group, may increase the amount requested from the bank rescue fund created by the Spanish government, Cinco Dias reported, citing unidentified people familiar with the matter.
Mercapital SL plans to open an office in Colombia within four months, becoming the first Spanish private equity firm to set up in the Latin American nation, Cinco Dias reported, citing Chairman Javier Loizaga.
Novacaixagalicia, a grouping of Spanish savings banks, is holding talks with 27 investors as it seeks to sell a 25 percent stake in its new bank, Cinco Dias reported, citing people at the company it didn’t identify by name.
Spain may approve new energy taxes today designed to raise 4.3 billion euros to help cover the higher costs of generating low-carbon electricity and to avoid raising power prices directly, Cinco Dias reported.