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Bankia has sold the bank in Florida the purchase of which sent Miguel Blesa to prison.
The purchase by Miguel Blesa when he was Chairman of Caja Madrid of City National Bank of Florida in 2008, brought losses for the bank of some 500 million EUR. Blesa paid double what the bank was worth, and management afterwards has been described as irregular with inexplicable decisions. A report from the Bank of Spain in 2010 warned of the danger. Judge Elpidio Jos Silva, in Instruction ...
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Infanta Cristina under investigation again
It has been revealed that the Infanta Cristina's income was 229,301 EUR in 2001 and nearly 326,000 EUR on 2010. These incomes contain economic activity without detail bringing in 75,000 EUR in 2001 and 139,050 EUR in 2008. The numbers come from the Agencia Tributaria (AEAT) and have been sent the judge instructing the Nos Case, Jos Castro, in court number three in Palma. The judge has ...
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It’s estimated that the crisis will see the number summer jobs for the high tourist season to be cut by as much as half.
It's estimated that the crisis will see the number summer jobs for the high tourist season to be cut by as much as half. Hostelry owners have admitted they will be taking nobody on until demand decides. Temporary employment company, Randstad, has calculated that 9,000 summer jobs will be created in Mlaga province, a fall of 11% on last year, while Adecco puts the figure at 7,700 ...
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Three die in light airplane crash on Mallorca
Three of the four occupants of a light plane which has crashed in Mallorca have died. The dead are two men, a Cuban aged 23, and Colombian aged 35. The woman to died was Spanish and also aged 35. The 22 year old Argentian pilot survived the crash but is seriously injured and has been transferred to the Son Espases Hospital in Palma. The plane came down just after 5pm on Friday in the ...
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Spain Princess Cristina faces new tax probe
Spanish Princess Cristina is facing a new probe over suspected fraud. The daughter of King Juan Carlos had been named as suspected in a case of embezzlement against her husband, Iaki Urdangarn, earlier this month, but the decision was overturned. However, judge Jose Castro ordered a new investigation into her financial affairs after examining 10 years worth of tax returns submitted to the ...
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Spanish workers in Gibraltar protest against pension conditions
The associations representing Spanish workers in Gibraltar staged a protest on 12 June campaigning for better pensions and social security benefits. Spanish workers in Gibraltar want the Spanish Government to change the law so that they get a similar pension benefit to what any other Spanish worker gets, when having worked all their life in Spain. They want benefits derived from their ...
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Italian and Spanish Alpha League Table 2008 published
EDHEC Risk and Management Research Centre (EDHEC) and EuroPerformance fund analysis company have released the Alpha League Table, their 2008 rankings of the top Italian and Spanish asset management companies. The ranking system is based on a measure of alpha intensity, a performance measure that has been adjusted for the risks actually taken, for all active equity management in the ...
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SWIP makes in-roads into Spain
Scottish Widows Investment Partnership (SWIP) has strengthened its foundations in the Spanish market. SWIP’s Spanish team, based in Madrid and led by director of institutional sales Carlos Costales, will be supported by Christina Ponce, business development director at the London office. The Spanish branch of SWIP will offer, among other products, the SWIP European Fund, which ...
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Spanish airline Vueling announces winter flights from Cardiff Airport
Holidaymakers will soon be able to escape the frosty clutches of a South Wales winter, after a Spanish airliner announced new winter services from Cardiff Airport. Spanish airline giant Vueling has extended their flights programme to an all-round operation to meet demand from Welsh passengers. The news comes after Vueling increased services on their summer programme to and from Wales thanks to ...
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easyJet makes emergency diversion due to cracked window
AN easyJet airline travelling to Berlin from Barcelona had to make an emergency landing in Milan's Malpensa airport after finding a crack in a ...
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Terra Mitica directors face jail over massive fraud racket
FOUR members of the board of directors of Benidorm-based theme park Terra ...
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Alexis Sanchez set to stay at Barcelona
Adriano signs new deal Sanchez has not been a regular starter under Tito Vilanova this season, leading to speculation he may join Manchester City or Juventus in the summer. However, the Chile international insists he will remain at Camp Nou for the foreseeable future."The club has told me that they want me to stay and now I am more calm," Sanchez said. "Everyone has said they want ...
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Spanish princess investigated for fraud
Photo: Australian News Channel Pty Ltd Spain's Princess Cristina has been placed under investigation for tax fraud and money laundering.Judge Jose Castro said on Friday he had requested information from tax authorities after a higher court overturned his decision to name the daughter of King Juan Carlos a suspect in a corruption case involving her husband, Inaki Urdangarin.There was no ...
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90-75 Real Madrid go 1-0 up against Blusens
Real Madrid maintained their status as favorites and won in the Palacio de los Deportes against Blusens Monbus in the first game of the quarter-final series. The group coached by Pablo Laso built their win on the second quarter in which they had a 28-10 run, showing once again the strength in depth of the squad that was led by Sergio Rodriguez (15 points and five assists), and with Mirotic, ...
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Spain Papers Review - Friday May 24 2013
Publish your add for free Please note that only Spain-related classifieds will be accepted The Classifieds are ordered by ...
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Small plane crash kills 3 on Spanish island pilot badly injured
MADRID - Spanish officials say the pilot of a small plane carrying three passengers is the only person to survive a crash on the island of Mallorca. The Cessna 172 single-engine plane took off from the island's Son Bonet de Marratxi airfield just after 5 p.m. (1500 GMT) Friday, failed to gain altitude and crashed into a nearby field, a regional Interior Ministry spokesman said. Two men ...
Barcelona Digest
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Barcelona on the frontline in the cancer fight
Cancer has become the leading killer of the elderly in Europe; it is an awful, painful disease that has become something akin to a pandemic. Progress has been made in its diagnosis, and further progress is being made in its treatment, and Barcelona, by hosting the European Breast Cancer Conference, is playing a major part in the sharing of ideas and knowledge to facilitate improvements and new breakthroughs.
The city of Barcelona will play a significant role in the prevention and promotion of awareness of breast cancer when it hosts the annual European Breast Cancer Conference this year. Breast cancer is among the leading killers of women around the world, and although mortality has begun to drop worldwide, and especially in Europe, there is still much progress that can be made. Read more
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