Tag Archives: financial entity

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→

Spain creates 120 billion euro bad bank to absorb toxic assets

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Spain is to create a “bad bank” to absorb the “toxic assets” of financial entities in Spain, with an expected eventual capitalisation of around 120 billion euros. The idea is to setup a nationalised entity which will take the bad loans and empty houses off the books of the Spanish banks, allowing these banks to free up resources and improve their balance books. The million odd homes estimated to be owned by Spanish banks will Continue reading Spain creates 120 billion euro bad bank to absorb toxic assets→