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FROB, the Spanish Executive Resolution Authority (formerly known as Fund for Orderly Bank Restructuring) [1] is an entity of the Spanish government that manages the resolution processes of credit institutions and investment firms in their executive phase in Spain. FROB was created in 2009 as a result of the financial crisis.
In fact, the Spanish population considers corruption their second biggest problem, only eclipsed by unemployment. [2] Following Spain's return to democracy after the end of the Franco dictatorship, the judiciary became an independent branch of government (despite being governed by a council chosen by the legislative branch of government). In ...
A Banesto branch in Oviedo, Spain. In December 1993, the Spanish National Stock Exchange Commission (Comisión Nacional del Mercado de Valores) suspended trading shares in Banesto following a fall in value estimated between 6.56% and 6.8% [2] from 2,135 to 1,995 Spanish pesetas and sharp increases in loan delinquencies observed by the Spanish government in the previous quarter, Quarter three ...
In addition to Spanish banks, other European banks have a sizable presence in Spain. German banks lead with an exposure of $146 billion. Germany's Landesbanks entered the market during the early 2000s. Barclays, Deutsche Bank, and ING have large Spanish units. [36] [37] On 9 June 2012 Eurozone finance ministers agreed that Spanish banks would ...
In many instances, bank fraud is a criminal offence. While the specific elements of particular banking fraud laws vary depending on jurisdictions, the term bank fraud applies to actions that employ a scheme or artifice, as opposed to bank robbery or theft. For this reason, bank fraud is sometimes considered a white-collar crime. [2]
Brigade of Investigation of the Bank of Spain, which assumes the investigation of the crimes related to the falsification of national and foreign currency. Unit attached to the Office of the Special Prosecutor against Corruption and Organized Crime , which will carry out the duties of the Judiciary Police in the attached body.
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Bankia (Spanish pronunciation:) was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, [2] and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution.