banks
November 30th, 2009
While not specifically Spanish related, many feel that this story is reflected worldwide and that banks are just looking to protect themselves and their shareholders and not helping normal mortgage payers as promised, even after seeking huge financial injections from world governments. The story stems from new evidence to suggest that ...
Continue reading Banks Relucatant to Refinance Mortgages with Public Money
November 30th, 2009
In more mortgage related news, the Euribor has closed the month of November with its ninth straight record low at 1.23%, meaning an average saving of 240 euros per month or 2880 per year compared to one year ago, this data is based on an average mortgage of € 150,000 ...
Continue reading 240 Euro per Month Saving on an Average Spanish Mortgage
December 1st, 2009
One of Spain’s leading banks, Caixa Catalunya, has said that its stock of housing, taken on due to the recent financial circumstances, has almost completely been absorbed in some regions. The bank states that "we are very near the end, if not already finished". This has led to an increase ...
Continue reading Recovery in Some Areas of the Spanish Property Market
December 9th, 2009
In an interesting report, the British bank HSBC has stated that the adjustment of the housing market in Spain will continue in coming quarters even though there have been signs that the "free fall" of the property sector is nearing the end. The report compares the current status of the housing ...
Continue reading How Valid is One Bank’s Opinion on the Property Market in Spain?
December 29th, 2009
Unions who hold a 75% representation at Spanish bank BBVA, along with representatives of the bank's board, today signed an agreement establishing the closure of it's premises on Saturdays beginning January 2nd 2010. The agreement comes after months of negotiations and after the bank changed its proposal
Continue reading BBVA Banks to Close on Saturday’s
January 11th, 2010
From now on, the tax authorities will know of any provision, payment or debit amounting to over 3,000 euros that is made with cash through banks or via credit and debit cards. Banks are also obliged to "systematically" report cash or card payments over €3,000 by businesses or
Continue reading All Transactions Over €3,000 Reported to the Spanish Taxman
January 18th, 2010
Santander is developing its network in Spain on a strategic medium and long term model, based on customer relationships and with the tagline "We want to be your bank" Four years ago the bank launched an initiative
Continue reading Santander Broaden Commission Free Banking In Spain
January 21st, 2010
For 2010, the Government has agreed with banks that have signed cooperative agreements with the Ministry of Housing, an amount of 5,314 million euros to fund the National Housing and Rehabilitation Plan. According to a provision issued today, the overall ceiling
Continue reading National Housing and Rehabilitation Plan
January 24th, 2010
69% of the companies listed on the IBEX-35 continue to operate in tax havens and none of the companies in this index provide information, broken down by country, on the amounts of money paid to political parties, according to a
Continue reading Lack Of Transparency From Companies Using Tax Havens
January 26th, 2010
According to data released today by the National Statistics Institute (INE), the number of home mortgages issued during November 2009 was 52,043, representing a growth of 1.8 percent over the same month in 2008 and the first
Continue reading Issued Mortgages Rise For First Time In 18 Months
