The Los Angeles Post
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Today: March 16, 2025
Today: March 16, 2025
Jesús Aguado

Jesús Aguado

Staff Writer

Latest From Jesús Aguado

Business|Economy|Europe

Spain economy set to grow 2.7% in 2025, buoyed by private consumption, central bank says

The Bank of Spain said on Tuesday that it expects the country's economy to expand by a strong 2.7% this year, up from the 2.5% forecast in its previous quarterly

Spain economy set to grow 2.7% in 2025, buoyed by private consumption, central bank says
Business|Economy|Education|Europe|Political

Spain's booming economy brings cold comfort for some

Sara Huertas still lives with her parents at age 30 because her supply teacher salary doesn't pay enough for her to rent a home in Madrid with her

Spain's booming economy brings cold comfort for some
Business|Economy|Europe|Finance|US

Santander names Riley as CEO of Santander US, part of wider reshuffle

Christiana Riley will succeed Tim Wennes as CEO of Santander in the United States, the bank's executive chair, Ana Botin, said on Friday, as Santander undertakes a

Santander names Riley as CEO of Santander US, part of wider reshuffle
Business|Economy|Europe|Finance|Stock Markets

European banks may find it tough to repeat strong end-of-year performance

European banks are expected to report a sharp rise in profits for the final three months of last year, helped by still-robust

European banks may find it tough to repeat strong end-of-year performance
Business|Economy|Europe|Finance|Political|Stock Markets

Sabadell's return will be a boost for Catalonia, regional leader says

The return of Spanish bank Sabadell's headquarters to Catalonia will be a boost for the region after years of political turmoil,

Sabadell's return will be a boost for Catalonia, regional leader says
Business|Europe|Finance|Stock Markets

Santander Q4 profit at record high on Europe, Brazil lending income

Strong lending income in Europe and Brazil helped Spain's Santander offset a loss in Argentina and post a record high profit for the last quarter of 2023, beating

Santander Q4 profit at record high on Europe, Brazil lending income
Business|Economy|Europe|Finance|Stock Markets

Analysis-Spain's battle of the banks as BBVA narrows gap to Santander

BBVA's share price has more than trebled since late 2020, narrowing its valuation gap to Santander and highlighting a divergence in fortunes between the Spanish

Analysis-Spain's battle of the banks as BBVA narrows gap to Santander
Business|Europe|Finance|Stock Markets

Europe's bank earnings to offer interest rate reality check

Investors should get a clearer picture this week of whether higher interest rates are still boosting European bank

Europe's bank earnings to offer interest rate reality check
News|Political

Spanish PM Sanchez shocks country again putting his continuity on the line

Spanish Prime Minister Pedro Sanchez is no stranger to high octane political battles and has successfully fought for his career in public life

Spanish PM Sanchez shocks country again putting his continuity on the line
Business|Economy|Europe|Finance

Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal

Sabadell's board rejected a merger proposal by larger rival BBVA for a 12 billion euro ($12.93 billion) all-share merger, the Spanish lender said on Monday.

Spanish bank Sabadell rejects $12.9 billion BBVA merger proposal
Business|Europe|Finance|Stock Markets

Sabadell rules out M&A defence against BBVA bid, CEO says

Spain's Sabadell is not planning to try and buy a competitor as part of a potential defence strategy against rival BBVA's hostile takeover

Sabadell rules out M&A defence against BBVA bid, CEO says
Business|Finance

A decade on, Botin's redesign of Santander empire her family built is incomplete

Spanish banker Ana Botin set about transforming Santander, a sprawling, acquisition-obsessed and fragmented lender into a leaner,

A decade on, Botin's redesign of Santander empire her family built is incomplete
Business|Europe|Finance

Banking deals can make banks too big and hurt consumers, Sabadell chair says

Banking consolidation is not always the best way to create shareholder value and can lead to oligopolies that are bad for clients, Chair

Banking deals can make banks too big and hurt consumers, Sabadell chair says
Business|Finance|Technology|US

Santander launches digital bank in US to gain cheaper funding for auto loans

Spain's Santander launched its digital bank in the United States on Monday, which will help it to fund over $30 billion of auto lending

Santander launches digital bank in US to gain cheaper funding for auto loans
Business|Economy|Europe|Finance

Economic impact of floods in Spain could rise to over 10 billion euros

Damages to businesses in towns hit by floods in eastern Spain could rise to over 10 billion euros, with banks loan exposure to the area worth alone around 20 billion

Economic impact of floods in Spain could rise to over 10 billion euros
Business|Europe|Finance

BBVA's Sabadell bid mired in concerns over competition and Mexico

BBVA's long pursuit of Sabadell is becoming even longer, with Spanish regulators launching an in-depth review of its bid, which fell further in value after Donald

BBVA's Sabadell bid mired in concerns over competition and Mexico
Environment|Europe

Bank of Spain puts cost of October floods at 0.2%/GDP in fourth quarter

Catastrophic floods in eastern Spain last month are likely to have a negative impact of 0.2 percentage points on gross domestic product in the fourth quarter, the

Bank of Spain puts cost of October floods at 0.2%/GDP in fourth quarter
Americas|Business|Economy|Europe|Finance

BBVA gets approval to take over Sabadell's Mexican businesses

BBVA said on Monday that Mexico's competition authority had given its approval for the Spanish bank to take indirect control of Sabadell's Mexican businesses.

BBVA gets approval to take over Sabadell's Mexican businesses
Business|Crime|Europe

Ex-IMF chief Rato sentenced to new prison term over corruption

A Madrid court has sentenced former International Monetary Fund chief Rodrigo Rato to almost five years in prison for corruption offences, the court said on Friday.

Ex-IMF chief Rato sentenced to new prison term over corruption

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