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Headline: Savings banks are here to stay Source: euromoney.com Date: June 2001 Author: Emily Wilkinson Privatization has been the fate of all but a few of Europe’s unquoted financial institutions. Demutualization is all the rage. Non-shareholder banking models are few and far between, but Spain is a notable exception. Here, the private savings banks are growing and consolidating and show no signs of letting go of their special legal status. The Spanish savings bank model has virtually no critics. It has proved itself a successful structure because of a number of features. |
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