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Spanish banks merge in sign of hard economic times ahead

LISBON, Portugal (AP) — Two of Spain’s biggest banks said Friday they were merging, pushed together by a need to weather tough economic times that likely will cost thousands of jobs. The tie-up between CaixaBank and Bankia will create the largest lender in the country, with assets of more than 664 billion euros ($787 billion). The deal...



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Spanish banks merge in sign of hard economic times ahead

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