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Caixa Galicia
Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra (trading as Novacaixagalicia) was the name of a short-lived Spanish savings bank based in Galicia. It was created following the forced merger of the two major savings banks in the region, Caixa Galicia and Caixanova. This new ''caixa'' for Galicia became the fourth-largest in Spain with consolidated assets valued at €78.1 billion, and fourth-largest in terms of savings accounts, with €108.4 billion - 6% of Spanish savings banks. Due to financial irregularities in the finances of the company, in little under a year this new savings bank would go on to be "bankised" as NCG Banco ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of Leó .... As a side note, it was the first financial institution to be registered in the Galic ...
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Caixa Galicia
Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra (trading as Novacaixagalicia) was the name of a short-lived Spanish savings bank based in Galicia. It was created following the forced merger of the two major savings banks in the region, Caixa Galicia and Caixanova. This new ''caixa'' for Galicia became the fourth-largest in Spain with consolidated assets valued at €78.1 billion, and fourth-largest in terms of savings accounts, with €108.4 billion - 6% of Spanish savings banks. Due to financial irregularities in the finances of the company, in little under a year this new savings bank would go on to be "bankised" as NCG Banco ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of Leó .... As a side note, it was the first financial institution to be registered in the Galic ...
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Caixanova
Caixa de Aforros de Galicia, Vigo, Ourense e Pontevedra (trading as Novacaixagalicia) was the name of a short-lived Spanish savings bank based in Galicia. It was created following the forced merger of the two major savings banks in the region, Caixa Galicia and Caixanova. This new ''caixa'' for Galicia became the fourth-largest in Spain with consolidated assets valued at €78.1 billion, and fourth-largest in terms of savings accounts, with €108.4 billion - 6% of Spanish savings banks. Due to financial irregularities in the finances of the company, in little under a year this new savings bank would go on to be "bankised" as NCG Banco ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of Leó .... As a side note, it was the first financial institution to be registered in the Galic ...
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Abanca
ABANCA Corporación Bancaria, S.A. is a Spanish bank based in Galicia. It was created in 2011 following the "bankisation" of Novacaixagalicia savings bank. It operates in the autonomous communities of Galicia, Asturias and the province of León, in other parts of Spain and in Portugal, as well as offices in the UK, France, Switzerland, Brazil, Venezuela, Panama, Mexico and the USA. History ABANCA Formerly NCG Banco, S.A., which traded as Novagalicia Banco, was created in September 2011 following the bankisation process of Novacaixagalicia. As Novagalicia Banco's predecessor, the savings bank Novacaixagalicia, was subsequently bailed out by the Government of Spain the majority of the shares in the company were held by the bailout program Fund for Orderly Bank Restructuring (90.57%). The Novacaixagalicia Foundation holds 6.84% with the remaining 2.59% being held by private investors. Evo Banco On 12 March 2012 NCG Banco, S.A. began operating its assets outside of Galicia unde ...
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A Coruña
A Coruña (; es, La Coruña ; historical English: Corunna or The Groyne) is a city and municipality of Galicia, Spain. A Coruña is the most populated city in Galicia and the second most populated municipality in the autonomous community and seventeenth overall in the country. The city is the provincial capital of the province of the same name, having also served as political capital of the Kingdom of Galicia from the 16th to the 19th centuries, and as a regional administrative centre between 1833 and 1982, before being replaced by Santiago de Compostela. A Coruña is located on a promontory in the Golfo Ártabro, a large gulf on the Atlantic Ocean. It is the main industrial and financial centre of northern Galicia, and holds the headquarters of the Universidade da Coruña. A Coruña is a packed city, the Spanish city featuring the tallest mean-height of buildings, also featuring a population density of 21,972 inhabitants per square km of built land area. Name Origin Ther ...
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Spain
, image_flag = Bandera de España.svg , image_coat = Escudo de España (mazonado).svg , national_motto = ''Plus ultra'' (Latin)(English: "Further Beyond") , national_anthem = (English: "Royal March") , image_map = , map_caption = , image_map2 = , capital = Madrid , coordinates = , largest_city = Madrid , languages_type = Official language , languages = Spanish language, Spanish , ethnic_groups = , ethnic_groups_year = , ethnic_groups_ref = , religion = , religion_ref = , religion_year = 2020 , demonym = , government_type = Unitary state, Unitary Parliamentary system, parliamentary constitutional monarchy , leader_title1 = Monarchy of Spain, Monarch , leader_name1 = Felipe VI , leader_title2 = Prime Minister of Spain ...
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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 ...
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Retail Banking
Retail banking, also known as consumer banking or personal banking, is the provision of services by a bank to the general public, rather than to companies, corporations or other banks, which are often described as wholesale banking. Banking services which are regarded as retail include provision of savings and transactional accounts, mortgages, personal loans, debit cards, and credit cards. Retail banking is also distinguished from investment banking or commercial banking. It may also refer to a division or department of a bank which deals with individual customers. In the U.S., the term commercial bank is used for a ''normal'' bank to distinguish it from an investment bank. After the Great Depression, the Glass–Steagall Act restricted normal banks to banking activities, and investment banks to capital market activities. That distinction was repealed in the 1990s. Commercial bank can also refer to a bank or a division of a bank that deals mostly with deposits and loans from co ...
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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 ...
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Galicia (Spain)
Galicia (; gl, Galicia or ; es, Galicia}; pt, Galiza) is an autonomous community of Spain and historic nationality under Spanish law. Located in the northwest Iberian Peninsula, it includes the provinces of A Coruña, Lugo, Ourense, and Pontevedra. Galicia is located in Atlantic Europe. It is bordered by Portugal to the south, the Spanish autonomous communities of Castile and León and Asturias to the east, the Atlantic Ocean to the west, and the Cantabrian Sea to the north. It had a population of 2,701,743 in 2018 and a total area of . Galicia has over of coastline, including its offshore islands and islets, among them Cíes Islands, Ons, Sálvora, Cortegada Island, which together form the Atlantic Islands of Galicia National Park, and the largest and most populated, A Illa de Arousa. The area now called Galicia was first inhabited by humans during the Middle Paleolithic period, and takes its name from the Gallaeci, the Celtic people living north of the Douro Rive ...
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Banks Disestablished In 2011
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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Banks Established In 2010
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the anc ...
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