Bloated cajas face fresh wave of cuts

Article reports that only months after two emergency rescues and a wrenching series of mergers among Spanish cajas de ahorros or savings banks, a second round of consolidation is being predicted in October 2010 by the country’s bankers, officials and financial analysts.

ESO: Background information: Cajas undergo profound transformation http://www.europeansources.info/record/cajas-undergo-profound-transformation/

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