Join Talk Quesada

Welcome to Talk Quesada! My name's Alex and this is my website all about Ciudad Quesada in Spain. Talk Quesada is free to sign up and use so register below!

Barclays bank in Spain closing?

Barclays bank in Spain closing?

Postby Spainjayne » Sun Jun 22, 2014 5:36 pm

I have been told that Barclays Bank in Spain will be shutting its doors and anyone who is with them ( Quesada branch) will have to be looking for a new place to bank with !
Has anyone else heard about this ?
User avatar
Spainjayne
 
Posts: 19
Joined: Sat Oct 05, 2013 9:16 am
Which part of Spain are you from?: Quesada
Gender: Female

Re: Barclays bank in Spain closing?

Postby Glyn » Mon Jun 23, 2014 5:00 am

Barclay's have scaled back their operations and are shutting up shop in Spain.

http://www.thespainreport.com/6377/barc ... bs-danger/
User avatar
Glyn
Photo contest winner 2012 - Silver
Photo contest winner 2012 - Silver
 
Posts: 530
Images: 31
Joined: Sat Oct 22, 2011 6:42 am
Location: Hornchurch, Essex and Dona Pepa
Which part of Spain are you from?: dona pepa 2
Gender: Male

Re: Barclays bank in Spain closing?

Postby scubydoo » Mon Jun 23, 2014 7:05 am

Also

http://www.bloomberg.com/news/2014-05-2 ... ridge.html

Nothing will happen immediately so don't panic but looks like the writing is on the wall!!
scubydoo
 
Posts: 3328
Images: 3
Joined: Sat Mar 01, 2014 4:10 pm
Which part of Spain are you from?: Benimar
Gender: Male

Re: Barclays bank in Spain closing?

Postby scubydoo » Tue Sep 02, 2014 12:05 pm

Barclays Sold to Caixa the deal has been done and should not affect day to day banking see statement below:

Barclays Bank has agreed to sell part of its Spanish business for £633m to the country's third largest lender CaixaBank.

The sale includes Barclays' retail, wealth management and corporate banking business in Spain.

In a statement, Caixa said the deal involved 270 branches and approximately 555,000 new clients.

Barclays is reorganising its business by cutting jobs and selling off parts of its European operations.

In May, it announced plans to cut 19,000 jobs by 2016, of which 9,000 will be in the UK, as well as to create a "bad bank", which included its retail banking operations in Spain, Portugal, Italy and France.

The idea behind the "bad bank" was to group together businesses no longer considered central to Barclays, with a view to selling them off or listing them on the stock market.

"We were clear [in our update in May] that this business, while not central to Barclays' strategy, could be attractive to another owner - and today's announcement reflects that perspective," said Antony Jenkins, chief executive of Barclays.

"Under the ownership of CaixaBank, a leader in retail banking in Spain, these businesses will have a greater opportunity to grow and thrive," he continued.

The deal does not include Barclays' Spanish credit card operations or its investment banking business.

"This acquisition will enable us to enhance our personal and private banking businesses in Spain, strengthening our counselling offer to our customers," said the chief executive of CaixaBank Gonzalo Gortazar.
scubydoo
 
Posts: 3328
Images: 3
Joined: Sat Mar 01, 2014 4:10 pm
Which part of Spain are you from?: Benimar
Gender: Male







  • Similar Topics
    Replies
    Views
    Last post

Return to Banking and finances

 
 

Who is online

Users browsing this forum: No registered users and 6 guests

Login
Username:


Password:


Remember me


Forgot password?

Register now

Find in Quesada
What are you looking for in Quesada?: