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Bankia
Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution. As of 2017, Bankia was the fourth largest bank in Spain, with total assets of €179.1 billion. In 2021, the bank merged with CaixaBank to create a new entity, initially preserving its original name. History Formation and IPO Bankia was formed on 3 December 2010, as a result of the union of seven Spanish savings banks that had a major presence in their historical core regions. The merger of the seven banks, known as 'cold fusion', took only four months, with the integration contract being signed on 30 July 2010. Caja Madrid, which was itself owned by the government of the Community of Madrid, held controlling interest. The distribution of shares was as follows: * 52.06% Caja Madrid * 37.70% Bancaja * 2.45% La Caja ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankia Logo
Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional Savings bank (Spain), savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution. As of 2017, Bankia was the fourth largest bank in Spain, with total assets of €179.1 billion. In 2021, the bank merged with CaixaBank to create a new entity, initially preserving its original name. History Formation and IPO Bankia was formed on 3 December 2010, as a result of the union of seven Spanish savings banks that had a major presence in their historical core regions. The merger of the seven banks, known as 'cold fusion', took only four months, with the integration contract being signed on 30 July 2010. Caja Madrid, which was itself owned by the government of the Community of Madrid, held controlling interest. The distribution of shares was as follows: * 52.06% Caja Madrid * 37.70% Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Ignacio Goirigolzarri
José Ignacio Goirigolzarri Tellaeche (born 4 February 1954) is a Spanish economist and executive. He is the current Chairman of CaixaBank since 2021 and Chairman of the state-owned holding BFA. From 2012 to 2021 he served as Chairman of Bankia and from 2001 to 2009 as chairman and COO of BBVA. Early life and education Goirigolzarri earned a bachelor's degree in Economics and Business Studies from the University of Deusto (Bilbao), and a degree in Strategic Finance and Planning from the University of Leeds. Career Goirgolzarri began his professional career at Banco de Bilbao in 1977. In 1992, he was appointed as General Director at BBV. In 1999, BBV and Argentaria merged and Goirigolzarri was appointed as member of the Management Committee and head of the Latin-American businesses. He served as Vice Chairman of Telefónica and Repsol in 2002–2003. Goirigolzarri was president and COO of BBVA from 2001 to 2009, when he early-retired after working at the bank for 30 years. He ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rodrigo Rato
Rodrigo de Rato y Figaredo (born 18 March 1949) is a businessman and politician who served in the Council of Ministers of Spain from 1996 to 2004. He also served as the ninth managing director of the International Monetary Fund (IMF) from 2004 to 2007 and the president of Bankia from 2010 to 2012. Rato was arrested on 16 April 2015 for alleged fraud, embezzlement and money laundering. His case was still awaiting trial a year later when his name appeared in the Panama Papers. Despite his prior assurances that he did not own companies in tax havens, apparently he used two offshore companies to avoid taxes on millions of euros kept overseas. It has been alleged that he owes taxes to both the Spanish and Panamanian governments. On 23 February 2017, Rato was found guilty of embezzlement of about 100,000 euros (in the so-called case "black cards") and sentenced to 4½ years' imprisonment. In September 2018, the sentence was confirmed by the Supreme Court of Spain, and Rato entered p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
José Sevilla
José Sevilla Álvarez (born 1964) is a Spanish executive. He is the current President of Unicaja, a position he has held since 2024. Career Sevilla holds a degree in Economics and Business Studies from the Colegio Universitario de Estudios Financieros (CUNEF), which is affiliated to the Complutense University of Madrid. He began his career in the investment banking sector, and worked at Merrill Lynch and FG Inversiones Bursatiles. Sevilla worked at BBVA Banco Bilbao Vizcaya Argentaria, S.A. (), better known by its initialism BBVA, is a Spanish multinational financial services company based in Bilbao, with operative offices in Madrid. It is one of the largest financial institutions in the world, ... from 1997 to 2009, and was member of the Management Committee from 2003 to 2009. He joined Bankia as an executive director in May 2012. On 30 June 2014, he was appointed as CEO of Bankia. Political and economic views Savings banks In an interview on Bankia's restructurin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CaixaBank
CaixaBank, S.A. (), formerly Criteria CaixaCorp, is a Spanish multinational financial services company. CaixaBank is based in Valencia, with operative offices in Barcelona and Madrid. It is Spain's third-largest lender by market value, after Banco Santander and BBVA. CaixaBank has 5,397 branches to serve its 15.8 million customers, and has the most extensive branch network in the Spanish market. It is listed in the Bolsa de Madrid and is part of the IBEX 35. The company consists of the universal banking and insurance activities of the La Caixa group, the telecommunications company Telefónica and its holdings in several other financial institutions. CaixaBank has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. History The firm was formed in 2007 as Criteria CaixaCorp, a publicly traded vehicle for La Caixa's shareholdings and inves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caja Madrid
Caja Madrid, formally the Caja de Ahorros y Monte de Piedad de Madrid, headquartered in Madrid, ." Caja Madrid retrieved on 7 January 2011. "Plaza de Celenque, 2. 28013 Madrid" was the oldest of the Savings bank (Spain), Spanish savings banks. It was founded on 3 December 1702, by Francisco Piquer Rodilla, an Aragonese priest. Caja Madrid was the regional-owned bank of the Community of Madrid (Comunidad de Madrid). On 30 July 2010, Caja Madrid signed an agreement to merge with six other savings banks to form Bankia on 3 December 2010. Caja Madrid held a 52.6 percent controlling interest in the new company. History The Monte de Piedad de Madrid did not charge interest on its loans until 1836 when a charge was introduced to cover operating costs of the organisation. In 1838, by ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank (Spain)
In Spain, a savings bank ( or informally just ''caja'', , , informally caixa, ) is a financial institution that specializes in accepting savings deposit account, deposits and granting loans. Spanish banks fall into two categories: Privately owned banks (''bancos'') and government owned banks (''cajas''—literally pay office, or pay desk). The original aim was to encourage thrift among the very poor, but they evolved to compete with and rival commercial banks. Over time, most cajas colluded with regional political establishments to create a self-serving system of unscrupulous financing for regional governments provided by politically stuffed savings banks' boards which, in turn, thrived in what has been defined as "a culture of greed, cronyism and political meddling". This system was exposed after the 2008 financial crisis. As a result, out of the 45 cajas in existence in 2007, only two have survived in their initial form. The rest were absorbed by banks, dismantling in effect th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IBEX 35
The IBEX 35 (IBerian IndEX) is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets (including the Bolsa de Madrid). It is a market capitalization weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures contracts on the IBEX 35 is provided by MEFF (Mercado Español de Futuros Financieros), another subsidiary of BME. History The IBEX 35 was inaugurated on January 14, 1992, although there are calculated values for the index back to December 29, 1989, where the base value of 3,000 points lies. Between 2000 and 2007, the index outperformed many of its Western peers, driven by relatively strong domestic economic growth which particularly helped ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are service (economics), economic services tied to finance provided by financial institutions. Financial services encompass a broad range of tertiary sector of the economy, service sector activities, especially as concerns financial management and consumer finance. The finance industry in its most common sense concerns commercial banks that provide market liquidity, derivative (finance), risk instruments, and broker, brokerage for large public company, public companies and multinational corporations at a macroeconomics, macroeconomic scale that impacts domestic politics and foreign relations. The extragovernmental power and scale of the finance industry remains an ongoing controversy in many industrialized Western economies, as seen in the American Occupy Wall Street civil protest movement of 2011. Styles of financial institution include credit union, bank, savings and loan association, trust company, building society, brokerage firm, payment processor, many ty ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FROB
{{Short pages monitor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Community Of Madrid
The Community of Madrid (; ) is one of the seventeen autonomous communities and 50 provinces of Spain, provinces of Spain. It is located at the heart of the Iberian Peninsula and Meseta Central, Central Plateau (); its capital and largest municipality is Madrid. The Community of Madrid is bounded to the south and east by Castilla–La Mancha and to the north and west by Castile and León. It was formally created in 1983, in order to address the particular status of the city of Madrid as the capital of the Spanish State and in urban hierarchy. Its boundaries are coextensive with those of the province of Madrid, which was until then conventionally included in the historical region of New Castile (Spain), New Castile (''Castilla la Nueva''). The Community of Madrid is the third most populous in Spain with 7,058,041 (2024) inhabitants, roughly a seventh of the national total, mostly concentrated in the metropolitan area of Madrid. It is also the most densely populated autonomous comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
