Banco Madrid enters bankruptcy after the Bank of Spain fai

This weekend, there have been contacts with the main banks in the country to find out their interest in assuming the operation. No entity has shown itself willing due to the reputational large national bank has shown interest in taking over Banco Madrid's operations in recent days. This situation has forced the Bank of Spain to request bankruptcy proceedings to stop the alarming flight of capital from the entity since its intervention six days ago. A corralito has been imposed and branches remain closed. The new administrators of Banco Madrid, appointed by the Bank of Spain, have requested this Monday the voluntary bankruptcy of the entity's creditors , due to the "strong deterioration suffered in the economic-financial situation of Banco Madrid SAU in recent days.

The Bank of Spain does not find a buyer As Digital has learned from financial sources familiar with the case, this decision comes after requesting the preparation of a liquidation balance sheet and ruling out the sale to a third party. The interest that arose in some entities to take over Banco Madrid, after the  has spoken, acknowledges that it has been intervention of the Bank Netherlands WhatsApp Number of Spain last Tuesday, disappeared suddenly a few days later. Once complaint to the Prosecutor's Office for indications of money laundering became known on Friday, the large national banks have taken a step back in their intentions this weekend. Some entity, with which ECD contacted in recent days by the Bank of Spain to find out its interest. She claims that she has not been willing to go in “because her image and reputation were at stake.



Corralito to stop capital flight In a note sent this Monday, the Bank of Spain explains that this situation has occurred "after learning of the decision adopted by the American Financial Crisis Enforcement Network (FinCEN) to consider its parent company, Banca (BPA), allegedly related to money laundering. The bankruptcy request ensures equal treatment of the entity's depositors and the rest of its creditors . “The significant withdrawals of client funds derived from the previous circumstances, which the entity has had to address in recent days, have affected its ability to meet the timely compliance of its obligations,” the note explains.They were followed by Catalonia, with 20,704; and Andalusia, with 18,749. In addition, the Social Courts received 132,863 claims for amounts last year, which represents a decrease of 5.9% compared to the 141,253 in .