Re: Re: More Economic Bad News for Spain

#110698
DBMarcos99
Participant

@GJ wrote:

http://www.repossessed-property-spain.com/en/news/268/spanish-cam-bank-closes-after-137-years-in-business/

Is there any truth in this.

If so I don’t understand why it has not made the main stream news

If it is true how will effect customers etc

Wasn’t it effectively dissolved last year when it was sold to Banco Sabadell for a Euro?

http://www.thinkspain.com/news-spain/20480/banco-sabadell-buys-the-cam-bank-for-a-euro

more here on how Cam (and various other cajas) went under – it’s not it hasn’t made the news, just that most of us have known of the Cajas reputation for many years. Not sure why anyone trusted using them…

http://www.guardian.co.uk/world/2012/jun/08/spain-savings-banks-corruption