|
Laboral Kutxa
Laboral Kutxa is a Basque credit union that provides banking, savings and investment services. It was created in March 2012 as a result of the merger of two smaller credit unions. The Caja Laboral Popular Sociedad Cooperativa de Crédito (known as Caja Laboral in Spanish or Euskadiko Kutxa in Basque) and Ipar Kutxa Rural Sociedad Cooperativa de Crédito (known as Ipar Kutxa). The merger project was announced in March 2012 and completed eight months later, in September 2012, with an officially launch in April 2013. , it is also the third largest financial institution in the Basque Country (after Kutxabank and BBVA). History Caja Laboral – Euskadiko Kutxa Caja Laboral – Euskadiko Kutxa was founded in 1959 by José María Arizmendiarrieta, a young catholic priest who had arrived to the small town of Mondragón in 1943 and had since then stablished a technical college and had helped create a few co-operatives, such as ULGOR (later known as Fagor), Funcor (currently Fagor Ederl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mondragón
Mondragón ( eu, Arrasate or ''Mondragoe''), officially known as Arrasate/Mondragón, is a town and municipality in Gipuzkoa Province, Basque Country, Spain. Its population in 2015 was 21,933. Economic and historical significance The town is best known as the birthplace of the Mondragon Corporation, the world's largest worker cooperative, whose foundation was inspired in the 1940s by the Catholic priest José María Arizmendiarrieta. In 2002 the MCC contributed 3.7% to the total GDP of the Basque Country and 7.6% to the industrial GDP. The valley of the High Deba where the town is located enjoyed a high level of employment in the 1980s while the rest of the Basque industrial areas suffered from the steel crisis. Noted poverty expert and sociology professor Barbara J. Peters of Stony Brook Southampton has studied the incorporated and entirely resident-owned town of Mondragón. "In Mondragón, I saw no signs of poverty. I saw no signs of extreme wealth," Peters said. "I saw pe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fagor Arrasate
Fagor Electrodoméstico was a large domestic and commercial appliance manufacturer based in the Basque Country, Spain and run by the Mondragon Corporation. Fagor was Spain's largest consumer appliance company and the fifth largest electrical appliance company in Europe, manufacturing a wide range of domestic appliances, including washing machines, refrigerators and ovens. History Fagor Electrodoméstico was the world's biggest industrial worker cooperative for decades, the flagship of the Mondragon Corporation, the world's largest workers' co-operative. It started in 1956 in a small workshop in Mondragón, Spain. From the Spanish market, it expanded internationally to North Africa and Latin America in the late 1980s. From 1996 to 2001, Fagor formed joint ventures with international companies. In 1999, Fagor acquired Wrozamet in Poland. The acquisition of Brandt Electroménager in 2005 made it the leader in household appliances in France. Among European manufacturers, it ranke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Navarre
Navarre (; es, Navarra ; eu, Nafarroa ), officially the Chartered Community of Navarre ( es, Comunidad Foral de Navarra, links=no ; eu, Nafarroako Foru Komunitatea, links=no ), is a foral autonomous community and province in northern Spain, bordering the Basque Autonomous Community, La Rioja, and Aragon in Spain and Nouvelle-Aquitaine in France. The capital city is Pamplona ( eu, Iruña). The present-day province makes up the majority of the territory of the medieval Kingdom of Navarre, a long-standing Pyrenean kingdom that occupied lands on both sides of the western Pyrenees, with its northernmost part, Lower Navarre, located in the southwest corner of France. Navarre is in the transition zone between Green Spain and semi-arid interior areas, and thus its landscapes vary widely across the region. Being in a transition zone also produces a highly variable climate, with summers that are a mix of cooler spells and heat waves, and winters that are mild for the latitude. Navarr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 mainly in Spain, South America, North America, Turkey, and Romania. The bank was founded as Banco de Bilbao, on May 28, 1857, in Bilbao. BBVA's operational headquarters are located in Madrid, in the "Ciudad BBVA" complex. It is Spain's second largest bank after Banco Santander. It is listed on the Madrid Stock Exchange, the New York Stock Exchange and on the Mexican Stock Exchange. It is also a part of the IBEX 35 as well as the Dow Jones EURO STOXX 50. As of December 31, 2018, BBVA's assets amounted to around €676 billion, making it the second largest Spanish financial institution by volume of assets. At that same date, it had 7,963 offices, 125,627 employees and 74.5 million customers, and was present in more than 30 countries. 5] On ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Kutxabank
Kutxabank is a Spanish bank founded and based in Bilbao. It was officially created on 1 January 2012 out of the merger of three Basque financial institutions operating in their respective provinces: Bilbao Bizkaia Kutxa (BBK), based in Bilbao; Gipuzkoa Donostia Kutxa (Kutxa), based in San Sebastián; and Caja Vital Kutxa (Vital) based in Vitoria. Required by the Spanish Government's bank merger deadline, all three institutions ceased to exist as savings banks after a long period of internal deliberation and integration. Kutxabank operates in Andalusia and Extremadura with the brand CajaSur. History The European stress test measuring solvency in periods of credit crisis showed that Kutxabank ranked first in Spain, standing out as the soundest financial institution (data published in October 2014). A report issued by the European Bank Authority in December 2020 considered Kutxabank the most solvent bank in Spain, also ranking higher than the European average. External links Off ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gipuzkoa
Gipuzkoa (, , ; es, Guipúzcoa ; french: Guipuscoa) is a province of Spain and a historical territory of the autonomous community of the Basque Country. Its capital city is Donostia-San Sebastián. Gipuzkoa shares borders with the French department of Pyrénées-Atlantiques at the northeast, with the province and autonomous community of Navarre at east, Biscay at west, Álava at southwest and the Bay of Biscay to its north. It is located at the easternmost extreme of the Cantabric Sea, in the Bay of Biscay. It has of coast land. With a total area of , Gipuzkoa is the smallest province of Spain. The province has 89 municipalities and a population of 720,592 inhabitants (2018), from which more than half live in the Donostia-San Sebastián metropolitan area. Apart from the capital, other important cities are Irun, Errenteria, Zarautz, Mondragón, Eibar, Hondarribia, Oñati, Tolosa, Beasain and Pasaia. The oceanic climate gives the province an intense green colour with littl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankoa Crédit Agricole
Bankoa (stylized in all lowercase) is a traditional Spanish bank founded in 1975 and located in San Sebastián. The original name was the ''Banco Industrial de Guipúzcoa'' and worked as an industrial bank. In 1997, it was acquired by the Crédit Agricole, the name was changed to ''Bankoa,'' and it became a universal bank. On November 14, 2021, ABANCA completed the integration of Bankoa with the completion of the last two operations of the process: the brand implementation and the transfer of the activity to ABANCA's technological and operational platform. ABANCA will operate in the Basque Country, Navarra and La Rioja under the brand name "Bankoa ABANCA". Sponsorship Between 1989 and 1995, Bankoa was the main kit sponsor of Spanish football club Real Sociedad Real Sociedad de Fútbol, S.A.D., more commonly referred to as Real Sociedad (; ''Royal Society''), La Real in Spanish, Erreala in Basque, is a Spanish professional sports club in the city of San Sebastián, Basque C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hostile Takeover
In business, a takeover is the purchase of one company (the ''target'') by another (the ''acquirer'' or ''bidder''). In the UK, the term refers to the acquisition of a public company whose shares are listed on a stock exchange, in contrast to the acquisition of a private company. Management of the target company may or may not agree with a proposed takeover, and this has resulted in the following takeover classifications: friendly, hostile, reverse or back-flip. Financing a takeover often involves loans or bond issues which may include junk bonds as well as a simple cash offers. It can also include shares in the new company. Types Friendly A ''friendly takeover'' is an acquisition which is approved by the management of the target company. Before a bidder makes an offer for another company, it usually first informs the company's board of directors. In an ideal world, if the board feels that accepting the offer serves the shareholders better than rejecting it, it recom ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Biscay
Biscay (; eu, Bizkaia ; es, Vizcaya ) is a province of Spain and a historical territory of the Basque Country, heir of the ancient Lordship of Biscay, lying on the south shore of the eponymous bay. The capital and largest city is Bilbao. Biscay is one of the most renowned and prosperous provinces of Spain, historically a major trading hub in the Atlantic Ocean since medieval times and, later on, one of the largest industrial and financial centers of the Iberian peninsula. Since the extensive deindustrialization that took place throughout the 1970s, the economy has come to rely more on the services sector. Etymology It is accepted in linguistics (Koldo Mitxelena, etc.) that ''Bizkaia'' is a cognate of ''bizkar'' (cf. Biscarrosse in Aquitaine), with both place-name variants well attested in the whole Basque Country and out meaning 'low ridge' or 'prominence' (''Iheldo bizchaya'' attested in 1141 for the Monte Igueldo in San Sebastián). Denominations ''Bizkaia'' ''Bi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bank Of Spain
The Bank of Spain ( es, link=no, Banco de España) is the central bank of Spain. Established in Madrid in 1782 by Charles III of Spain, Charles III, today the bank is a member of the European System of Central Banks and is also Spain's national competent authority for banking supervision within the Single Supervisory Mechanism. Its activity is regulated by the Bank of Spain Autonomy Act. History Originally named the ''Banco Nacional de San Carlos'', it was founded in 1782 by Charles III of Spain, Charles III in Madrid, to stabilize government finances through its state bonds (''vales reales'') following the American Revolutionary War in which Spain gave military and financial support to the Thirteen Colonies. Although it aided the state, the bank was initially owned privately by stockholders. Its assets included those of "Spanish capitalists, French rentiers, and several treasuries of Indian communities in New Spain" (colonial Mexico). Its first director was French banker Fran ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankruptcy
Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts. In most jurisdictions, bankruptcy is imposed by a court order, often initiated by the debtor. Bankrupt is not the only legal status that an insolvent person may have, and the term ''bankruptcy'' is therefore not a synonym for insolvency. Etymology The word ''bankruptcy'' is derived from Italian ''banca rotta'', literally meaning "broken bank". The term is often described as having originated in renaissance Italy, where there allegedly existed the tradition of smashing a banker's bench if he defaulted on payment so that the public could see that the banker, the owner of the bench, was no longer in a condition to continue his business, although some dismiss this as a false etymology. History In Ancient Greece, bankruptcy did not exist. If a man owed and he could not pay, he and his wife, children or servants were forced into " ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
.png "Click for more on -> Bankruptcy")