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Legal & Finance news & information for Spain

Banco Santander buys Banco Popular for 1€
Legal & Finance Wed, Jun 7, 2017

Banco Santander buys Banco Popular for 1€

Banco Santander has bought Banco Popular for €1, rescuing its fellow Spanish lender from from the brink of collapse. The European Central Bank (ECB) and European Commission (EC) gave their go-ahead for the sale early...

Santander planning bid for ailing Banco Popular
Legal & Finance Wed, Jun 7, 2017

Santander planning bid for ailing Banco Popular

Banco Santander is allegedly preparing a capital increase of more than 5 billion euros as part of a potential offer for its struggling rival, Banco Popular. Shares in Banco Popular have dropped 53% since the beginning...

Supreme Court orders insurance company to pay cocaine addict left disabled
Legal & Finance Mon, Apr 24, 2017

Supreme Court orders insurance company to pay cocaine...

A COCAINE addict left disabled by her habit has managed to get her insurance company to pay out €173,000 after a court battle in which the underwriters declined her claim for non-disclosure. She had taken out a...

New-design €50 note launched in Spain and EU
Legal & Finance Tue, Apr 4, 2017

New-design €50 note launched in Spain and EU

THE new-style €50 note is now in circulation and has hit the shops and banks in Spain, but the 'old' version will still be issued while stocks last, according to the Central European Bank (BCE). Along with the...

Bank of Spain money printers on strike
Legal & Finance Wed, Mar 15, 2017

Bank of Spain money printers on strike

A 'MINT strike' of 24 hours will start tomorrow (Thursday) at the Bank of Spain means no money will be printed all day – or at least, by 80% of staff at the printing firm, Imbisa, who have confirmed they will...

Prosecution to investigate 'historic' electricity bill hike
Legal & Finance Sat, Jan 21, 2017

Prosecution to investigate 'historic' electricity...

CIVIL prosecutors at Spain's Supreme Court have opened an inquiry into the historic electricity price hike which came into effect yesterday (Friday), right in the middle of Spain's coldest 'freezewave'...

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