Tag Archives: caja

Banks to start charging you DOUBLE to use hole in the wall machines

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Not content with whacking a charge on ATM machines everytime you withdraw cash, Caixabank has now announced a second €2 which will be applied at their end. And other Spanish banks admit they are mulling the charge over. So if you use a Caixabank card to withdraw cash from any hole in the wall, you get charged €2. And if the hole in the wall machine doesn’t belong to Caixabank, you get another charge from Continue reading Banks to start charging you DOUBLE to use hole in the wall machines→

Cajamar, a flipping useless bank which takes delight in trapping the unwary

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Cajamar appears to a have an official policy of putting little traps in the path of the unwary financial traveller. For example, I recently signed a zero commission agreement with them for cheques. Everytime I pay a cheque into the company account, they used to charge €1, but this got rid of it. Fair enough. But, they keep taking the €1 out of the account for each cheque, and returning it a week later or Continue reading Cajamar, a flipping useless bank which takes delight in trapping the unwary→

The state of the Andalucian banking sector

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The recent waves of bank closures in Andalucia got me thinking about the state of the banking sector in the region. Under Manuel Chaves during the boom years, the Junta did all it could to allow the rapid growth of credit institutions in the region. In 2006 the region could boast of being the home of : 5 savings banks (cajas de ahorros) (Unicaja, Cajasol, Cajasur, CajaGranada & Caja de Jaén) 1 bank (Banco de Continue reading The state of the Andalucian banking sector→

Catalunya Banc to close all Andalucian offices at the end of the month

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The newly formed Catalunya Banc (CatalunyaCaixa) will close all offices in Andalucia at the end of the month, leaving its Andalucian clients with the offer of internet only banking. It only has three offices remaining in Almeria province after having closed several others last year. Catalunya Banc was formed at the end of 2011 by the forced merger of several bankrupt Catalan caixas, and is currently majority owned by the state run FROB. It has Continue reading Catalunya Banc to close all Andalucian offices at the end of the month→

CAM “independent risk committee” was run by a professional ballerina (no wonder they went bust)

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Isabel Cambronero has been called before the Valencian Córtes, to testify about the collapse of the Valencian savings bank. Isabel, a professional classical ballerina by trade, also happened to be (a now ex) head of the banks risk committee, and has possibly made history by complaining to the government investigation committee that “nobody ever told her that there was any sort of a problem at the bank”. Well, quite. She added that the committees role Continue reading CAM “independent risk committee” was run by a professional ballerina (no wonder they went bust)→