As the Spanish and international press has reported in recent days, the BBVA and Banco Sabadell are planning a merger. Prior to this, the Spanish bank supervisory authority (Comisión Nacional del Mercado de Valores/ CNMV) had issued a mandatory announcement about the merger project of the two banks. The merger between BBVA and Sabadell would […]
As reported in the Spanish press, notably the daily El Mundo, on 3 September 2020, CaixaBank of Catalonia and Madrid Bankia are preparing the merger. The Spanish banking regulator, the Comisión Nacional de Mercado de Valores (CNMV), has already been officially informed about the merger. On the basis of 2019 figures, the proposed merger would […]
. Real estate investors in Spain are finding it necessary to adjust the value of their portfolios to the circumstances. Hotels and the retail sector are particularly affected. The detailed article in the Spanish business newspaper Expansión published on 5 May 2020 provides a good insight into the situation in Spain. On the other hand, […]
On 24 March 2020, the Spanish government launched a guarantee scheme to provide liquidity to companies and self-employed professionals (Autónomos). This is intended to eliminate financial bottlenecks caused by the Corona pandemic. Of the 100 billion euros provided, a tranche of 20 billion euros will initially be made available. At least half of this is […]
As a consequence of the corona pandemic, the Federal Government in Switzerland adopted an emergency ordinance on 25.03.2020 to support small and medium-sized enterprises (SMEs). The Decree enters into force today, 26.03.2020. It concerns liquidity support for Swiss SMEs, which is provided with federal funds in the form of loans and guarantees. The total volume […]
The German government has adopted a comprehensive package of measures. This is intended to help companies, the self-employed and freelancers to overcome the consequences of the Corona crisis. The focus is on liquidity support, as many companies have lost revenues by interrupted supply chains and cancelled orders. Alongside tax relief and tax deferrals, the Federal […]
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