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Merger of 4 Spanish Savings Banks Collapses

March 31, 2011

The Bank of Spain has ordered the four savings banks or cajas that had been poised jointly to form the new Banco Base to provide details “immediately” of their plans following the collapse of the merger on Wednesday evening, the Financial Times reports.

Source: http://www.cnbc.com/id/42353105?__source=RSS*tag*&par=RSS
 
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