Dodgy Spanish banks

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This topic contains 5 replies, has 4 voices, and was last updated by Profile photo of angie angie 4 years, 7 months ago.

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  • #56815
    Profile photo of logan
    logan
    Participant

    Many of us have posted on here in the last 3 years about how banks in Spain have been hiding their property losses.
    Come upance time. More to follow no doubt. 🙁
    http://www.telegraph.co.uk/finance/financialcrisis/9255621/Spain-nationalises-Bankia-as-euro-crisis-escalates.html

  • #108756
    Profile photo of angie
    angie
    Spectator

    Like a lot of organisations in Spain, their Banks are somewhat dodgy and always trying it on with customer charges, rather like many of those agents, developers and lawyers in the boom days 😆

    We opened an account with Solbank, had a large credit with them and every month they tried it on with punitive charges which we always had to fight to get cancelled out. Exhorbitant process charges, even receiving of monies from UK, worse charges to send monies back, charges for breathing or smiling, you name it they charged for it. Needless to say we were mightily relieved to get all our funds out of Spain with profit thankfully, and back to the UK’s slightly less dodgy Banks. 🙄

  • #108761
    Profile photo of Anonymous
    Anonymous
    Participant

    Bankia has been nationalized yesterday.

  • #108765
    Profile photo of katy
    katy
    Spectator

    Solbank is the very worse bank I have come across for charges 😈

  • #108766
    Profile photo of logan
    logan
    Participant

    Solbank is part of Sabadell. I used to be an investor in CAM 🙁 and now they are are all just one useless bank offering little incentive for investors to stay and high charges for other account holders. I’m fed up with them all. 👿

  • #108775
    Profile photo of angie
    angie
    Spectator

    There was talk last night after Question Time and in The Papers on Newsnight about the Spanish banks still liable to cause mayhem for UK Banks and others when they are forced to clean up and make transparent their past dealings especially in property. The thinking was that when one goes ‘Bang’ contagion will spread to the Banking sector generally.

    Re Solbank, I’m glad others here felt the same about this Bank, it took a while but we beat the buggers in the end and they ended up paying us interest 😆

    Unfortunately, one has to take a ‘dog with a bone’ attitude nowadays, you generally win through in the end! 🙄

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