Consolidation of Spain's banking industry gains momentum

06/10/2010 | Wall Street Journal, The

A couple of Spain's larger regional banks said they are negotiating a combination with other lenders in a deal that would form the third-largest financial institution in the country. The announcement signals that consolidation in Spain's troubled banking industry is picking up steam. Dozens of Spain's cajas have said they are in merger talks.

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Wall Street Journal, The

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