CaixaBank SA

Type: Company
Name: CaixaBank SA (Criteria CaixaCorp S.A)
Nationality: Spain
Web Address: http://www.caixabank.com/
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

CaixaBank: Now, make money

CAIXABANK is a rare breed in Spanish banking. The financial crisis brought most of the country’s 45 cajas—regional savings banks with a commitment to social welfare—to their knees. But CaixaBank, based in Barcelona, has grown. On September 1st it became ... [Published The Economist - Finance & Economics - Sep 18 2014]
First reported Sep 18 2014 - Updated Sep 18 2014 - 1 reports

Yaap in social money launch

Written by Scott Thompson 18/09/2014Yaap, the JV between CaixaBank, Banco Santander and Telefónica, has released Yaap money. Available in Spain on Android and iOS devices, the app enables the transfer of money between users’ mobile phones. Bank details ... [Published Financial Sector Technology - Sep 18 2014]
First reported Sep 15 2014 - Updated Sep 16 2014 - 2 reports

XINHUA - Spanish stock market falls 0.44 pct, closes at 10,841 points

Spanish stock market falls 0.44 pct, closes at 10,841 pointsContributed by NAMPA / Xinhua.MADRID, Sept. 15 (Xinhua) -- Spain's benchmark stock market index Ibex-35 fell 0.44 percent on Monday to close at 10,841.30 points.Acciona shares led falls losing ... [Published Namibia Press Agency - Sep 15 2014]
First reported Sep 03 2014 - Updated Sep 03 2014 - 2 reports

Company News for September 03, 2014 - Corporate...

• Norwegian Cruise Line Holdings Ltd.'s ( NCLH ) shares soared 11.1% after announcing that it will acquire Prestige Cruises International, Inc. for around $3 billion in a cash and stock deal• Shares of Conns Inc. ( CONN ) plunged 31% after posting fiscal ... [Published Nasdaq - Sep 03 2014]
First reported Sep 02 2014 - Updated Sep 02 2014 - 3 reports

Barclays Sells Spanish Business to Caixabank for GBP 630M

As part of its long-term strategy to regain profitability, Barclays PLC ( BCS ) announced the divestiture of its non-core Spanish operations. The bank will be selling its retail banking, wealth and investment management, and corporate banking businesses ... [Published Yahoo! Finance - Sep 02 2014]
First reported Sep 01 2014 - Updated Sep 02 2014 - 6 reports

Barclays Sells Spanish Arm, Looks Set To Boost Financial Strength

Barclays PLC has sold the bulk of its Spanish business to CaixaBank SA in a move to help the former reduce its risky assetsPage 1 of 2Published: September 2, 2014 at 11:28 am EST By: Troy Kuhn Click Ticker to See live coverageBarclays PLC ( BCS ) announced ... [Published Bidness Etc - Sep 02 2014]
First reported Sep 01 2014 - Updated Sep 02 2014 - 3 reports

Barclays sell-off is ADIB’s gain

: Tuesday, September 02 - 2014 @ 15:17Abu Dhabi Islamic Bank completed the acquisition of Barclays in the UAE today (Tuesday, September 2).The $177 million deal will give ADIB access to Barclays’ 110,000 customers in the Emirates, as well as 145 staff ... [Published AME Info - Sep 02 2014]
First reported Sep 01 2014 - Updated Sep 02 2014 - 4 reports

Barclays to sell non-core businesses

British based provider of financial services Barclays Bank Plc on Monday revealed that it has agreed to sell its Retail Banking, Wealth and Investment Management and Corporate Banking businesses in Spain (the Spanish Businesses). The Spanish businesses ... [Published Individual.com - Sep 02 2014]
First reported Sep 01 2014 - Updated Sep 01 2014 - 6 reports

Barclays sells operations in Spain

Barclays Bank has announced that it will sell part of its business in Spain.Barclays’ retail, wealth management and corporate banking business in Spain will be bought by CaixaBank for £633m.Not included in the deal are Barclays' Spanish credit card operations ... [Published Algarve Daily News - Sep 01 2014]
First reported Aug 31 2014 - Updated Sep 01 2014 - 62 reports

Barclays bids adios to Spanish retail banking

So, Barclays (BARC) has sold its loss-making Spanish retail banking business to CaixaBank for €800 million (£632 million) in cash. It's hardly surprising given the operation appeared in the UK lender's non-core division at a strategy update in May.Yes, ... [Published Interactive Investor - Sep 01 2014]
First reported Aug 28 2014 - Updated Aug 29 2014 - 5 reports

Fujitsu to deploy thousands of contactless cash machines for Spanish bank

Fujitsu is set to manufacture 8,500 contactless bank machines for Spain’s CaixaBank, a move that may help move the technology to the mainstream.The machines use NFC (near field communication) contactless readers to allow users to withdraw cash with smartphones ... [Published PC World - Aug 29 2014]
First reported Aug 27 2014 - Updated Aug 28 2014 - 2 reports

CaixaBank invests EUR500m in contactless ATMs

Spain's CaixaBank has struck a EUR500 million deal with Fujitsu to build 8500 cash machines fitted with contactless readers.Under a 10 year partnership, the pair will begin installing the ATMs this year, overhauling a network which is the third largest ... [Published Finextra Research - Aug 27 2014]

Quotes

I seem to recall former chief executive Bob Diamond becoming terribly excited about the "Spanish opportunity’ in 2011. A meeting was apparently held with the then prime minister, José Luis Rodríguez Zapatero and the press was awash with speculation that Barclays could gobble up a troubled Caja. But then, fortunately for shareholders, all went quiet again. "Banks have a tendency to buy at the top and sell at the bottom," my mole sighed. Following the crisis, I expected good things of Deutsche Bank. The firm was the leading bank in Europe’s strongest economy and the epitome of a flow monster. But it has disappointed. Although Deutsche did not take government money during the crisis management credibility has been undermined by several subsequent capital raisings. And the share price performance this year has been dreadful – down over 20%. The bank’s two chief executives, Anshu Jain and Jürgen Fitschen, urgently need to improve profitability and try to conclude the seemingly endless legal issues that the bank faces."
"Simply offering more liquidity at more generous terms to banks awash in cash will not make a huge difference to the outlook for growth and inflation" he said
"/> By Laura Noonan LONDON (Reuters) - Europe's big banks returned to growth mode in the first half of this year, expanding their books by 530 million euros ($685 million), in a sign they are starting to get back on their feet after the financial crisis. But even though the banks' assets are growing as a result of lending money or doing deals, their profitability remains below target, loan losses are still a burden and many businesses across Europe still find it tough to borrow cash. Europe's 30 largest listed banks, battered by the crisis and regulatory demands that followed, shrank their balance sheets by 10 percent from 2008 to 2014, shedding about 2 trillion euros of assets by selling businesses or chunks of loans. This process has contributed to a squeeze on lending which has not helped Europe's weak economies revive growth. The European Central Bank last week stepped in with a new plan to get more money flowing from banks into the flagging euro zone economy. "We are on an improving and healing trend across Europe, but there are degrees of healing," said Vincent Montemaggiore, Boston-based portfolio manager at Fidelity, one of the world's largest investment houses. "Generally, in the northern part of Europe you're starting to see some early signs of asset growth and loan growth, and in the southern part you're still seeing declining assets but at a more moderate pace." Montemaggiore said he was not expecting bank assets to grow very robustly in either the north or south of the region over the next couple of years. Data compiled by Reuters shows the 30 banks - which include the likes of Deutsche Bank , Bank of Ireland and Santander - added 530 million euros of assets in the six months to June, taking the total to 23.1 billion euros. In the first half, the growth rate of 2.2 percent was flattered by an accounting change as Santander consolidated its U S results, helping the Spanish lender come in as the third fastest growing bank with a 54 million euros rise in assets. The fastest growing was France's Societe Generale , with an increase of 108 million euros as it acquired full ownership of derivatives brokerage Newedge and expanded its global banking and investor solutions business. BNP Paribas followed with an increase of 96 million euros."

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CaixaBank: Now, make money [Published The Economist - Finance & Economics - Sep 18 2014]
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UPDATE 2-Low take-up for cheap bank credit rais... [Published CNBC - Sep 18 2014]
Yaap in social money launch [Published Financial Sector Technology - Sep 18 2014]
Yaap launches Yaap Money mobile app [Published Paypers - Sep 18 2014]
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CaixaBank : The Company announces the approval ... [Published 4 Traders - Sep 10 2014]
Barclays poaches BofA's Casavechia for M&A arm [Published London South East - Sep 10 2014]
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Blogs

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CaixaBank: Now, make money [Published The Economist - Finance & Economics - Sep 18 2014]
CAIXABANK is a rare breed in Spanish banking. The financial crisis brought most of the country’s 45 cajas—regional savings banks with a commitment to social welfare—to their knees. But CaixaBank, based in Barcelona, has grown. On September 1st it became ...
Europe's Big Banks In Tentative Return To Growt... [Published Clusterstock - Sep 12 2014]
<p><img class="float_right" src="http://static6.businessinsider.com/image/5412c5745afbd34f288b456c-450-300/europes-big-banks-in-tentative-return-to-growth-mode-2014-9.jpg" border="0" alt="The headquarters of Deutsche Bank are pictured in Frankfurt October ...
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Frontrunning: September 1 [Published Zero Hedge - Sep 01 2014]
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