Why Are ATMs Disappearing at an Alarming Rate after a Wave of Branch Closures?
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?
Category: Spain
Consumer Debt Suddenly Surges in Spain, Banks Love it, But Regulators Begin to Fret
Banco Sabadell Begins to Pay the Price for TSB’s Self-Inflicted IT Fiasco
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
Chaos Erupts in Uber v. Taxi Drivers Turf War in Barcelona
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
Multiyear, Job-Creating, Mass-Tourist Boom in Spain Runs Out of Steam
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
Banks Squeal as Spain’s New Government Threatens to Do Unthinkable: Raise Taxes on Their Profits
Payback time for the financial sector that was bailed out by taxpayers, the new government thinks. … Read More Banks Squeal as Spain’s New Government Threatens to Do Unthinkable: Raise Taxes on Their Profits
As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day
The biggest loser: BBVA, Spain’s second biggest bank.… Read More As Turkish Lira Collapses, Foreign Banks in Turkey Rue the Day
How the ECB Helped Spain “Recover” Faster than Italy from the Crisis
A nation of savers v. a nation of debtors.… Read More How the ECB Helped Spain “Recover” Faster than Italy from the Crisis
Blackstone Becomes Biggest Hotel & Property Owner in Spain
The PE firm as global landlord.… Read More Blackstone Becomes Biggest Hotel & Property Owner in Spain
Tragicomic Farce at UK Bank TSB Enters Week 7 of IT Chaos
Bank-friendly regulators finally show some interest… Read More Tragicomic Farce at UK Bank TSB Enters Week 7 of IT Chaos
Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall?
Blackstone Group, Cerberus Capital and others face a little problem… Read More Wall Street Mega-Landlords Piled into Spain’s Rental Property Boom, and Now it Hits a Wall?
Furious Customers Leave in Droves As IT Nightmare Drags On at UK Bank TSB
“It is unacceptable for banks not to keep our accounts safe”… Read More Furious Customers Leave in Droves As IT Nightmare Drags On at UK Bank TSB
