If approved and the payment is made, Caja
will leave the club.
The scandal has seen more than 80 executives and employees of Caja
Madrid and the Bankia group facing possible charges of corporate crime.
Bankia, as part of a corporate reorganization, (6) proposes to establish the branch to assume the operations of Caja
Madrid's agency and Bancaja's branch, and those offices would be closed.
Laboral won 16 of their 17 home matches in the regular season, including a 87-80 success over Regal Barca in November, with only Real Madrid tasting success at the Basque fortress.
The state-backed bank restructuring fund (FROB) would then take stakes in the banks - known as cajas
- which fail to attract private investment, the source said.
Four executives from the Alberta, Canada-based credit union provided Caja
Yanga staffers training in governance, risk management and technology, while learning more about Semilla Cooperativa (Cooperative Seed), a rural outreach model developed by World Council of Credit Unions.
The talks are absolutely preliminary," said a Cajasur spokesman of discussions with Unicaja and Caja
The main stumbling block to final agreement for a merger could come from Iberia's shareholders, including its largest investor Caja
Madrid, the Spanish bank which owns a near-23 per cent stake.
British Airways' position as Iberia's key industrial partner remains important and is not dependent on an increase in shareholding," CFO Keith Williams said, adding that BA will "enter into discussions" with Caja
Madrid "in order to maximize the value of our relationship with Iberia.
BA's five-member consortium, which was led by the US buy-out group TPG, withdrew its interest after a hostile reception from Iberia's 10% shareholder Caja
Madrid, which is reportedly keen to keep the airline out of foreign hands.
BA's five member consortium, which was led by the US buy-out group TPG, withdrew its interest after a hostile reception from Iberia's 10% shareholder Caja
Madrid, which is keen to keep the airline out of foreign hands.
BA's five member consortium withdrew its interest after a hostile reception from Caja
Madrid, a Spanish savings bank, which has a 10%stake in Iberia.