Agence France-PresseMarch 5, 2013 08:46
Spain suspended a plan to sell off one of its ruined banks, Catalunya Banc, the lender said on Tuesday, after it reportedly received no viable offers.
Catalunya Banc was one of five Spanish finance groups taken over by the state-backed bank rescue fund, FROB, and has received billions of euros in aid from Spain and the eurozone.
It is one of the casualties of the collapse of Spain's property boom in 2008, which tipped Spain into recession, destroying millions of jobs and prompting a major restructuring of its banks.
Follow us: