Caja Madrid (formally the Caja de Ahorros y Monte de Piedad de Madrid) is the fourth largest financial group in Spanish, with a leading position in the credit markets and resources of clients. Caja Madrid is the oldest of the Spanish savings banks. On 27 June 2011, Caja Madrid merged with six other savings banks to form Bankia. Caja Madrid held a 52.6 percent controlling interest in the new company.
The Group offers a complete range of products and services from retail banking, business banking and private banking, which serves the needs of 12 million customers in all segments: families, small and medium enterprises, large corporations and institutions public and private.
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No more queues in front of ATMs - 23.01.2013 Reduced transaction duration is an important issue for customer satisfaction and for efficient use of Banking channels, especially at ATMs. Every measure taken to fasten cash withdrawals, most widespread used ATM transaction, is beneficial to both customers and banks.
Swiss bank Wegelin & Co. to close after US tax evasion fine - 04.01.2013 Switzerland's oldest bank is to close permanently after pleading guilty in a New York court to helping Americans evade their taxes. Wegelin & Co., which was established in 1741, has also agreed to pay $57.8 million in fines to US authorities. Source: BBC
Banks seen shrinking for good as lay-offs near 160,000 - 16.11.2012 Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace new hires by roughly two-to-one. Source: Reuters