Spain – Catalonia banks nervous as IMF warns of fallout

After Sabadell, Spain’s third major bank CaixaBank announced plans to transfer its regional headquarters out of Catalonia seperatists leaders threatened to declare independence. Together, CaixaBank Bank and Sabadell account for nearly 15 percent of Spain’s total banking assets. Their plans to leave Catalonia are likely to deal a serious blow to the region’s finances Guntram Wolff,… Please follow and like us:

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UK Court Pumps Brakes on Brexit

  Although the United Kingdom stumbled slightly on its path to Brexit Tuesday following a U.K. Supreme Court ruling that Article 50 must be triggered by an act of Parliament, it is unlikely the ruling will be enough to derail British independence. “The British people voted to leave the EU, and the government will deliver on their… Please follow and like us:

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