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
- PSOE say no plans for snap election, and maintain Catalan funding restrictions
- Rajoy warns Torra that autonomy will only be granted if Catalan government stay within the law
- Catalan President-elect calls for dialogue between Barcelona and Madrid, as Government presents united response
- Catalonia elects Quim Torra as regional president, after seven months of stalemate
- First investiture vote for Catalan presidential nominee fails to gain majority
- Constitutional Court suspends Catalan law to allow investiture of Puigdemont
- Government set to appeal Catalan proposals over investiture vote
- Catalan politicians appear at high court ahead of rebellion trials to lodge complaints
- Hbundreds of thousands protest calling for release of separatist leaders
- Investiture debate stalled after Catalan nominee denied bail as Speaker threatens legal challenge
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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