Spain is being rocked, at the moment, by the news that the directors of various Spanish banks have taken huge compensation packages – despite relentlessly driving their own banks to the point of destruction. To everyone’s amazement, some of these packages have been awarded by the directors, to themselves, just days before the Bank of Spain was forced to bail [...]
Banks in Spain, service with a smile?
I had to grimace recently when I saw an article in El Pais (‘conservative’ national Spanish newspaper) which reported that the economy ministry in Spain is about to issue an order for banks in Spain to clarify their charges to customers. Evidently, along with Italy, Spanish banks are the most costly banks in the EU. This, I am afraid, comes [...]





