Spain takes over Cajasur

Spain's central bank moved Saturday to take over Roman Catholic Church-controlled savings bank CajaSur, a big step forward in its efforts to clean up the country's ailing mutually owned banks.

Spain's central bank moved on Saturday to take over Roman Catholic Church-controlled savings bank CajaSur, a big step forward in its efforts to clean up the country's ailing mutually owned banks.

The move comes at a time of rising concerns over Spanish creditworthiness.

WSJ Logo
Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached