Four of Spains leading Savings Banks heading for a merger

Four Savings Banks – CAM, Caja Cantabria, Caja Extremadura and Cajasur- are about to merge and form the third largest Spanish caja. They will have assets worth 135 billion , 14000 employees and as many as 2300 offices.
The merger comes at a time when the Spanish economy is being criticized by the IMF for being …