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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 but preserving the name of the latter. 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 de Ca ... [...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 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 but preserving the name of the latter. 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 de Ca ... [...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] |
José Sevilla
José Sevilla Álvarez (1964) is a Spanish executive. He is the current CEO of Bankia, a position he has held since 2014. 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 Madrid and Bilbao, Spain. It is one of the largest financial institutions in the world, and is present ... 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 restructuring in August 2015 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rodrigo Rato
Rodrigo de Rato y Figaredo (born 18 March 1949) is a Spanish politician who served in the Council of Ministers 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 and sentenced to 4½ years' imprisonment. In September 2018, the sentence was confirmed by the Supreme Court of Spain., and Rato entered prison on 25 October 2018. Early life and education Rodrigo de Rato was born i ... [...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 January 7, 2011. "Plaza de Celenque, 2. 28013 Madrid" was the oldest of the . It was founded on 3 December 1702, by Francisco Piquer, an Aragonese priest. Caja Madrid was the regional-owned bank of the (Comunidad de Madrid). On 30 Jul ... [...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 Madrid and Barcelona, Spain. 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, along with the group's stakes in the oil and gas firm Repsol, the telecommunications company Telefónica and its holdings in several other financial institutions. History The firm was formed in 2007 as Criteria CaixaCorp, a publicly traded vehicle for La Caixa's shareholdings and investments in both industrial and financial services companies. At the time of its 2007 debut, the Criteria CaixaCorp initial public offering was ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Savings Bank (Spain)
In Spain, a savings bank ( es, caja de ahorros or informally just ''caja'', ca, caixa d'estalvis, gl, caixa de aforros, informally caixa, eu, aurrezki kutxa) 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 in the aftermath of the global financial crisis. As a result, out of the 45 cajas in existence at the start of ... [...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 co ... [...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 by the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services
Financial services are the Service (economics), economic services provided by the finance industry, which encompasses a broad range of businesses that manage money, including credit unions, banks, credit-card companies, insurance companies, accountancy companies, consumer finance, consumer-finance companies, brokerage firm, stock brokerages, investment management, investment funds, individual asset managers, and some government-sponsored enterprises. History The term "financial services" became more prevalent in the United States partly as a result of the Gramm-Leach-Bliley Act, GrammLeachBliley Act of the late 1990s, which enabled different types of companies operating in the U.S. financial services industry at that time to merge. Companies usually have two distinct approaches to this new type of business. One approach would be a bank that simply buys an insurance company or an investment bank, keeps the original brands of the acquired firm, and adds the Takeover, acquisit ... [...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 (; es, Comunidad de Madrid ) is one of the seventeen autonomous communities of Spain. It is located in the centre of the Iberian Peninsula, and of the Central Plateau (''Meseta Central''). Its capital and largest municipality is the City of Madrid, which is also the capital of the country. 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, based on the limits of the province of Madrid, which was until then conventionally included in the historical region of New Castile. The Community of Madrid is the third most populous in Spain with 6,661,949 (2019) inhabitants mostly concentrated in the metropolitan area of Madrid. It is also the most densely populated autonomous community. In absolute terms, Madrid's economy has been, since 2018, slightly bigger in size than that of Catalonia. Madrid has the highest GDP per capita in the country. It cont ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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