Spain
barclays to sell spanish wealth arm
Barclays Bank last night agreed to sell its Spanish retail banking and wealth management business to CaixaBank, incurring a £500m ($830m, 632m) loss after tax on the transaction.
Skandia repurposes investment bond
Skandia International has launched a flexible offshore investment bond for the British expatriate market in Spain.
Nordea Asset Management opens Madrid office
Nordea Asset Management has opened an office in Madrid and has appointed Laura Donzella, who has been in charge of the business in Spain since 2009, to lead the Madrid team.
kames capital launches in spain and
Kames Capital, part of the Aegon Group of companies, has entered the Spanish market for the first time with the launch of two of its fixed income funds.
eu parliament considers new regs to limit risks
Home buyers in Europe will be better informed about the costs and risks of taking on a mortgage than they have been until now, under a package of new rules provisionally approved by the European Parliament yesterday.