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It is financed by an annual 2.5‰ levy on bank assets. The levies are deposited in three separate funds depending on whether the bank is a retail, cooperative or a savings bank. The Bank of Spain together with the Ministry of Finance may reduce the levy if the total assets of the funds reach 1% of the deposits of the respective banks.
Financial contagion refers to "the spread of market disturbances – mostly on the downside – from one country to the other, a process observed through co-movements in exchange rates, stock prices, sovereign spreads, and capital flows". [1] Financial contagion can be a potential risk for countries who are trying to integrate their financial ...
In finance, a spread trade (also known as a relative value trade) is the simultaneous purchase of one security and sale of a related security, called legs, as a unit.Spread trades are usually executed with options or futures contracts as the legs, but other securities are sometimes used.
In 2020, BBVA entered into negotiations with smaller competitor Sabadell to create Spain's second-biggest domestic lender by assets; according to Reuters, the bank would have nearly 600 billion euros ($710.52 billion) in assets in Spain and a combined market value, based on the share prices at the time, of 26.7 billion euros. [10]
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.
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Caja General de Ahorros de Canarias in Barcelona.. In Spain, a savings bank (Spanish: caja de ahorros or informally just caja, Catalan: caixa d'estalvis, Galician: caixa de aforros, informally 'caixa', Basque: aurrezki kutxa) is a financial institution that specializes in accepting savings deposits and granting loans.
On 27 November 2012, CaixaBank announced its plan to buy nationalized bank Banco de Valencia after Spain's bank restructuring fund FROB injected €4.5 billion into Banco de Valencia. The FROB also assumed losses of up to 72.5% for a period of ten years in certain assets held by Banco de Valencia. [10]