Spain's central bank urges consolidation of savings banks
Miguel Fernandez Ordonez, governor of Spain's central bank, said some of the country's 45 savings banks should be merged with stronger financial institutions. "I think there are at least 15 institutions that should merge with others," he said. "I hope [by] next spring we have restructured all these institutions, that's my idea. We now have many, many mergers that we are discussing."
Financial Times
| 16 Nov.
This story published in GFMA SmartBrief on 11/16/2009
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