Chronicle of the end of a banking crisis | Opinion
With the merger of Caixa and Bankia, the last chapter of the 2008 banking crisis closes. Modern finance developed in Castile in the 13th century. There were usury laws and the Jews put their banks outside the walls to collect deposits and give credits. Banking is a high-risk, low-margin-over-total-asset business. The bank anticipates the money … Read more