SPAIN/BARCELONA You may not have noticed, but La Caixa is not (yet) a bank proper. It is the largest building society in Spain, however, and it is preparing to become a fully fledged bank. The board of the Barcelona-based finanial institution announced today that it and its affiliate Criteria are studying the group's reorganization, which would include passing its banking business to Criteria and other divisionary measures. Criteria Caixa Corporation announced the possible restructuring in a note to the Stock Exchange Commission, which suspended trade in various associated stock "as a preventative measure,"`according to a press release from Madrid.
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