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WiZink CEO leaves as Unicaja talks continue
Iheb Nafaa is leaving WiZink for personal reasons. President Joaquim Saurina will take over as the bank continues talks with Unicaja after another loss-making first half.
WiZink CEO Iheb Nafaa exits amid Unicaja talks
WiZink CEO Iheb Nafaa has left the bank for personal reasons. Chairman Joaquim Saurina will take over his functions as talks with Unicaja continue without a reported agreement.
Joaquim Saurina takes executive control at WiZink
By August, WiZink's result had turned positive, according to bank sources, but the bank remains under pressure from legal claims and an open deal with Unicaja. Joaquim Saurina takes executive control after Iheb Nafaa's departure.
WiZink returns to profit before CEO exit
Iheb Nafaa is leaving WiZink for personal reasons after the bank returned to profit and strengthened its solvency. The change comes as WiZink discusses a possible card-business sale with Unicaja.
BBVA tries out car sales and iPhone rentals in Turkey
BBVA is breaking out of its banking mold in Turkey, selling used cars and renting iPhones through Garanti. The bank is testing these new business lines before deciding if Spain will get them too.
Spanish banks turn AI into a shield against AI
Spain's major banks are preparing AI risk plans for the ECB. The measures include controlled AI tools that can spot hostile activity before it reaches critical systems.
Spanish banks bring Bizum to the checkout
Bizum Pay is moving into everyday shopping across Spain. Major banks now let customers pay in physical stores without a card, while Banco Santander has yet to join the rollout.
Bizum Pay reaches 20 million Spanish shoppers
Bizum is moving beyond person-to-person transfers in Spain. Major banks now let customers pay in physical shops with their phones, while Santander has yet to join the rollout.
Bizum Pay reaches 20 million users as Spanish banks widen access
CaixaBank, Bankinter and Unicaja have opened Bizum Pay to more customers. Nearly 20 million people can now use it in physical shops, with 1.6 million businesses connected to the service.
Bizum Pay brings in-store payments to Spanish shops
Bizum Pay is expanding across Spanish shops, giving almost 20 million people a way to pay in person. Bankinter and CaixaBank are adding access while tying the rollout to new customer offers.
Santander targets young investors with 10-euro funds
Santander is widening its investment offer for customers under 30 in Spain. Funds start at 10 euros, trading fees drop to one euro, and free training plus a 50-euro incentive round out the campaign.
Bizum reaches 20 million users for in-store payments
Bizum's in-store payment service now reaches 20 million people in Spain. It works across 75% of payment terminals, but banks still decide which customers can use it.
Bizum Reaches 1.6 Million Spanish Shops for In-Person Payments
Bizum payments are now accepted at more than 1.6 million Spanish establishments. The service reaches 20 million users and covers around 75% of bank terminals.
Supreme Court Rejects Debt Register Entry During Loan Dispute
Spain's Supreme Court has ruled against Cofidis. A borrower's disputed loan could not be treated as an uncontested debt, and the lender must pay €2,000 for damage to her honor.
Cash withdrawals over three thousand euros trigger tax scrutiny in Spain
Withdrawing more than three thousand euros in cash from an ATM now places account holders under the close watch of the Agencia Tributaria. The move, coordinated with banks and the Bank of Spain, aims to tighten the fight against tax fraud and ensure transparency in high-value cash movements.
Revolut offers 3.51% promo rate to new savers after ECB hike
Revolut is raising the stakes for savers by offering a 3.51 percent annual yield to new account holders. This move comes just as the European Central Bank increased its deposit facility rate to 2.50 percent, making Revolut’s offer notably more attractive for those seeking short-term returns.
Revolut launches high-yield savings offer for new Spanish customers
Revolut is once again offering a 3.51% annual interest rate for new customers in Spain. The deal applies to instant-access savings accounts, with clear conditions and no set end date for sign-ups. Here is what changes for savers.
CaixaBank steps up risk transfers to protect dividends as lending surges
CaixaBank is selling more risky loan portfolios to investors to keep dividends steady, even as lending grows faster than expected. The bank aims for risk-weighted assets to rise much more slowly than its loan book.
ING launches four month deposit with 3 percent TAE and no minimum
ING has raised the stakes in the savings market with a four month deposit at 3 percent TAE, open to both new and existing clients. No minimum amount is required, and up to 50,000 euros can be deposited. Early withdrawal is penalty free but reduces the interest rate.
Vice President of Bank of America Killed in Times Square Stabbing
Erin Piacenti, a 32-year-old Bank of America vice president, died after being stabbed in Times Square. The attacker was shot by police. The incident is being treated as an unprovoked assault.
Euribor Surge Drives Shift to Mixed-Rate Mortgages and Longer Terms in Spain
Spanish mortgage rates have climbed above 3% as the Euribor rises. Buyers are turning to mixed-rate loans and extending repayment to 25 years. Monthly payments remain high, but total interest costs are soaring.
Tax Agency Tightens Oversight on Cash Deposits With €500 Notes
Spain’s Tax Agency will now monitor all cash deposits involving €500 notes. Banks must report any suspicious activity, regardless of the amount. The move targets tax evasion and unreported income.
Spain Delays Ban on Unapproved Credit Card Limit Increases
Spanish banks can still raise credit card limits without explicit customer consent, as the government’s proposed law remains in draft form. The EU’s November 2026 deadline looms, but for now, unilateral credit increases are not yet prohibited.
Monte dei Paschi Counters Intesa Sanpaolo With Dual Takeover Bid
Monte dei Paschi di Siena launches a €34 billion bid for Banco BPM and Banca Generali. The move aims to block Intesa Sanpaolo’s acquisition attempt. Market reaction remains cautious amid doubts over the deal’s success.
Bizum Pay Hits 1.6 Million Terminals but Lags in Spanish Stores
Bizum Pay is now compatible with over 1.6 million payment terminals in Spain. Yet, most physical stores have not activated the service. Shoppers face delays as retailers hesitate to implement the new system.
Caregiver Arrested in Castellón for Withdrawing €24,000 from Elderly Woman’s Account
A caregiver in Castellón has been detained for allegedly taking €24,000 from the account of an elderly woman she looked after. The case came to light when the family noticed irregular withdrawals after the woman’s death.
Guardia Civil Dismantles Major Bank Robbery Gang Across Eight Provinces
A criminal group targeting banks and gaming halls in eight provinces has been dismantled. Five suspects, Spanish and Serbian nationals, are now in custody. The operation clarifies 52 serious crimes and recovers stolen cash.
BBVA Launches Bizum Pay for In-Store Payments on Android
BBVA has enabled in-store payments with Bizum Pay directly from its banking app, offering Android users a new way to pay without cards or cash. The rollout is limited to compatible payment terminals and does not yet support iOS devices.
ECB Unveils Finalists for New Euro Banknotes: Culture or Nature
The European Central Bank has revealed two competing designs for new euro banknotes. Citizens can now vote between cultural icons and natural landscapes. The final choice will shape euro bills from 2027.
Bank Scam Network Dismantled After Massive Data Theft in Spain
Spanish police have arrested 13 people in a major crackdown on a bank fraud ring. The group used stolen data from half a million users. Nearly 2,000 victims have been identified so far.
Police Recover €9,300 Lost in Valladolid 'Smishing' Scam
A Valladolid resident was deceived into transferring over €9,300 in a 'smishing' scam. Police identified a suspect acting as a 'money mule' and recovered the funds. The case highlights ongoing risks of digital banking fraud.
Santander Chief Warns EU Overregulation Is Hurting Spanish Competitiveness
Santander president Ana Botín criticizes excessive EU regulation at the ICEX forum in Madrid. She calls for smarter rules to boost European business competitiveness. Economy Minister Carlos Cuerpo acknowledges the challenge.
Why IBAN and SWIFT BIC Codes Matter for Secure International Transfers
Transferring money across borders safely depends on two key codes: IBAN and SWIFT BIC. Understanding their purpose and how to find them can prevent costly mistakes and delays in international banking.
Family with Young Child Evicted in Vallecas After Failed Negotiations
A family in Puente de Vallecas was evicted after months of delays. Activists responded by occupying a CaixaBank branch. The only housing offered was temporary shelter, sparking criticism from support groups.
ING introduces 3.5% three-month deposit for new funds
ING launches a three-month deposit at 3.5% TAE for new money, available until June 30. The offer comes as banks adjust savings rates after the ECB's rate hike. Maximum investment is 50,000 euros.
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