ANDALUCÍA
(Agencies) Antonio Pulido, president of Cajasol, the building society based in Seville, has announced that his organization has presented papers to the Fondo de Restructuración Ordenada Bancaria (FROB), the state bank restructuring fund that took over Cajasur, based in Córdoba, after the latter was declared insolvent earlier in the year and is now subject to an auction by other such institutions via the Banco de España. Meanwhile, the president of the Junta de Andalucía said that he would like Unicaja and Cajasol to "look at each other" as part of a reorganization of building societies all over Spain, as 'suggested' by the European Union to strengthen regional, and often politically polarised, financial structure.
(Agencies) Antonio Pulido, president of Cajasol, the building society based in Seville, has announced that his organization has presented papers to the Fondo de Restructuración Ordenada Bancaria (FROB), the state bank restructuring fund that took over Cajasur, based in Córdoba, after the latter was declared insolvent earlier in the year and is now subject to an auction by other such institutions via the Banco de España. Meanwhile, the president of the Junta de Andalucía said that he would like Unicaja and Cajasol to "look at each other" as part of a reorganization of building societies all over Spain, as 'suggested' by the European Union to strengthen regional, and often politically polarised, financial structure.
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