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Thread: Banks

  1. #1
    Join Date
    Jun 2007
    Location
    orihuela costa
    Posts
    83

    Default Banks

    In view of recent events in the UK with ''Northern Rock'' bank,
    are customers of all or some Spanish banks protected if the bank should fail and go out of business ?

  2. #2
    Join Date
    Jul 2005
    Posts
    320

    Default

    Here the banks are controlled by the Bank of Spain and it is an usual practice to arrange transactions on the capital of the bank that is in an irregular situation for a later taking over by other bank.

    For further information, please contact us.

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