They were supposed to protect banks and punish homeowners in difficulties — but they didn’t prevent banks from collapsing… Read More “Abusive” & Draconian Mortgages Are Creating Legal S**t Storm for Spanish Banks
After the euro debt crisis, Spain’s alpha-lender sought greener pastures in the Emerging Markets. That bet is coming home to roost.… Read More Emerging Market Hangover Begins For Spanish Bank BBVA
It is impossible to overstate the importance of tourism to Spain’s economy.… Read More Be Careful What You Wish For: Weak Mass-Tourism Threatens Spain’s Five-Year Economic Recovery
The man behind the Barcelona attacks was on the police radar for years. How did they let it happen?… Read More The Road to Las Ramblas
To diversify from the euro-debt-crisis, the biggest Spanish banks pushed deeply into Emerging Markets. Now, they’re in a new crisis… Read More No Other Banks Are This Exposed to Turkey, Argentina, Brazil…. Emerging Markets Haunt Spanish Banks
“Substantial Increase in the Risk of a Downside Scenario”: Moody’s… Read More Turkey’s Debt & Currency Crisis Morphs into Financial Crisis as Banks Face Funding Squeeze
Despite months of IT mayhem and all kinds of problems, customers cling to TSB Bank in the UK… Read More Why Are So Few Customers Leaving a Bank that Trampled on Them?
It’s all part of a broad trend aimed at curtailing cash services… Read More Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
The horribly botched IT upgrade hits the income statement.… Read More Banco Sabadell Begins to Pay the Price for TSB’s Self-Inflicted IT Fiasco
The competitive advantage rideshare giants have over local taxi firms is their ability to burn cash, as investors eagerly subsidize each ride… Read More Chaos Erupts in Uber v. Taxi Drivers Turf War in Barcelona
Tourism accounted for a quarter of the jobs created since 2013 — but mass-tourism of this type brings its own problems… Read More Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam