The board of Spain’s Banco de Sabadell has approved moving its headquarters out of Catalonia to Alicante, the bank confirmed in a regulatory filing yesterday as a result of the disputed referendum.
The bank had seen a decline in it’s stock price as the region pushes for independence.
In Depth: Catalonian Independence Referendum 2017
- Legal dispute over medieval artifacts descends into scuffles outside museum
- European arrest warrants for ousted Catalan leaders withdrawn as election campaign gets underway
- Rajoy in Catalonia, after thousands protest for independence
- Catalan speaker to be freed on bail pending investigation
- Pro-independence strike causes chaos in Barcelona and Catalan region
- Carles Puigdemont and four colleagues released by Belgian judge
- Arrest warrants issued for Carles Puigdemont and four others
- Catalan leaders to defy court summons
- Catalan leaders called to testify at High Court on Thursday
- Sacked Catalan leaders in Brussels as state prosecutor calls for rebellion charges
In the announcement, the banking giant went on to say though that its central services will continue to be located in Barcelona.
Caixabank will decide today if it is to move it’s headquarters outside Catalonia.
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