Four of Spains leading Savings Banks heading for a merger

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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 ...

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