Tag: CaixaBank La Caixa

The CJEU ruling on Bankia gives wings to those affected by Popular to claim for the capital increase
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The CJEU ruling on Bankia gives wings to those affected by Popular to claim for the capital increase

This decision is of great concern to CaixaBank (now owner of Bankia), given that the action is already prescribed and it will only have to face twenty cases already open. However, it can disturb Santander, which inherited the entire Popular business almost four years ago and, with it, its litigation, among which is a criminal case in which the National audience investigates the capital increase that the absorbed bank launched in 2016, among other issues. In its ruling, released Thursday, the Court of Justice of the European Union (CJEU) is quite clear. "In the case of a public share subscription offering aimed at both retail investors and qualified investors, the action for liability for the information contained in the prospectus does not cover only retail investors, but also qualified...
In-person consumption shoots up to 12% in the first week after the end of the alarm state
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In-person consumption shoots up to 12% in the first week after the end of the alarm state

The Spaniards return to take reeds. The end of alarm state It is allowing them to increase their trips and visits to bars and restaurants, whose activity is now less restricted by the authorities. They are spending more in the hospitality industry, as reflected in the use they make of their credit cards, from which it follows that the face-to-face consumption of households increased by 12% in the first week after the state of alarm. These days, leisure and restaurant consumption was especially relevant, which grew by 13% compared to a year earlier, to stand 27 percentage points above the April record, according to data from CaixaBank Research. In these activities a big difference was noticed after the end of the alarm state, after two negative quarters and a growth of a...
Digitization, an opportunity to scale Canarian companies
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Digitization, an opportunity to scale Canarian companies

Related news The digital transformation, which has been accelerated by the covid-19 pandemic, offers numerous opportunities for Canarian companies, especially SMEs, and among them the possibility of scaling and becoming larger companies stands out. Thus it has been revealed duDuring the round table 'The digitization of Canarian companies as a priority' held within the framework of the Spanish Economic Forum, Canary Islands after Covid, organized by EL ESPAÑOL together with Diario de Avisos and Atlántico TV. Fernando Weyler, Director of Expansion at Mentor Day, highlighted that for a country like Spain, where 99% of the industrial fabric is SMEs, one of the great advantages that digitization offers is scalability. "We need large companies in this country and we need ...
The Government votes against the salaries of the CaixaBank leadership after criticism
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The Government votes against the salaries of the CaixaBank leadership after criticism

The Fund for Orderly Bank Restructuring (FROB) has resolved its dilemma at the CaixaBank meeting. The body has finally voted against the proposed remuneration for the CaixaBank leadership after criticism from the Government about the "high" salaries of the council. The State, which sits on the board of CaixaBank for the 16% stake held by the FROB in the entity, has finally decided to be consistent with the criticisms issued by various members of the Government, including Nadia Calvin. The FROB started with the advantage of being able to make a decision that, in any case, it would not be decisive for the final result due to the low participation it holds. A totally opposite situation to that of Bankia, where its 61% was a majority stake. However, the CaixaBank sharehold...