Cajasur gets bailout from Bank of Spain

23rd May 2010, Comments 0 comments

May 23 — The Andalucian based Spanish savings bank Cajasur, controlled by the Roman Catholic Church has been taken control of by Spain’s central Bank Saturday amid growing concerns over Spain’s ability to clean out its public finances and creditworthiness. Cajasur raked up hundreds of millions of euro losses as its struggled to cope with ...

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