The possible merger of Bankia and CaixaBank has generated a barrage of questions and doubts in all directions, and also for the customers of both institutions.
IS IT A POSITIVE OPERATION FOR THE CONSUMER?
The Association of Financial Users (Asufin) does not see it very clearly, especially from the point of view of competition. They say that the hypothetical merger "involves a major movement of banking concentration that is worrying and limits competition" and that "it generates institutions that are too big to fail, which always represents a risk for the customer".
According to the organisation, both entities have a high level of litigation for the marketing of mortgages and other financial products with abusive clauses that have been declared null and void in the courts, such as the multi-currency clause, in the case of CaixaBank, due to the absorption of a large part of the savings bank group, or the floor clause, in the case of Bankia.
The possible merger of Bankia and CaixaBank has generated a barrage of questions and doubts in all directions, and also for the customers of both institutions. Read more
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