Featured Spain

Deutsche Bank looks to boost wealth management as part of reinvention

With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets. Hiring new client relationship managers and perhaps making acquisitions in a few years’ time can… Read More

Norway FSA fines Santander bank $1 million for anti-money laundering breach

Norway’s Financial Supervisory Authority has ordered Spanish bank Santander (SAN.MC) to pay a fine of nine million crowns ($1 million) for violations of the country’s anti-money laundering laws, it said on Tuesday. The fine was imposed in relation to violations found at Santander Consumer Bank in Norway, the… Read More

Diplomats: Europeans weigh sanctions on Venezuela’s Maduro

AP — Major European nations are considering imposing sanctions on Venezuela’s Nicolás Maduro and several top officials for their recent crackdown on political opponents, although divisions remain over the timing of any action for fear of derailing a negotiated exit to the country’s crisis, The Associated Press has learned. The… Read More
23rd May 2019
AP — The European Union’s police agency says an international law enforcement operation has smashed an organized crime gang that earned hundreds of millions of euros in drug and cigarette trafficking, assassinations and money laundering. Europol said Wednesday that more than 450 police and customs officers in Spain, the United… Read More
21st May 2019
AP — Spanish police say they have arrested four people as part of a judicial probe into a money laundering racket allegedly involving funds coming from Venezuela’s state-run oil company PDVSA. Police have confirmed Spanish media reports to The Associated Press that the four detainees are also facing charges of… Read More
13th May 2019
Spanish police have arrested former Venezuelan minister Javier Alvarado Ochoa on a U.S. warrant as part of an investigation into money-laundering involving the Latin American nation’s state oil company PDVSA, court officials said. Alvarado Ochoa served as minister for electric power development under Venezuelan President Nicolas Maduro’s late predecessor, Hugo… Read More
25th April 2019
AP — Former Barcelona president Sandro Rosell has been acquitted of money laundering charges after spending nearly two years in prison. Court officials in Madrid said Wednesday there was not enough evidence for a guilty verdict on charges related to the sale of television rights for matches involving the Brazilian… Read More
15th April 2019
Spanish police on Friday arrested Hugo Carvajal, a former head of Venezuelan military intelligence, who Washington believes has a “treasure trove” of details he is willing to share about Venezuelan President Nicolas Maduro. Carvajal, a former general and close ally of the late Venezuelan leader Hugo Chavez, was arrested on… Read More
6th March 2019
AP—Spain and Britain have reached an agreement that sets out stricter rules for companies and citizens operating from Gibraltar, a British overseas territory which Spain considers a colony. As part of the deal, Gibraltar-based companies will be required to pay taxes in Spain if they conduct most of their… Read More
26th February 2019
AP — Former Barcelona president Sandro Rosell arrived in handcuffs Monday to stand trial on charges of money laundering related to the sale of television rights for matches involving the Brazil national team. Rosell, a former Nike executive in Brazil who presided over Barcelona from 2010-14, has been accused… Read More
7th February 2019
Former Real Madrid manager Jose Mourinho has accepted a one-year prison sentence for defrauding the Spanish state of 3.3 million euros (2.8 million pounds), a Spanish court filing showed on Tuesday, although the Portuguese will not serve any jail time. The filing said the tax ministry and Mourinho’s defence team… Read More
23rd January 2019
Cristiano Ronaldo has reportedly accepted a €18.8m fine and 23-month jail term over tax evasion charges in Spain. The award-winning football player is alleged to have avoided paying tax between 2010 and 2014, in a case centred around image rights deals. Ronaldo is reported to have acknowledged incidents amounting to… Read More
18th January 2019
The ECB has expressed concerns over reports that Spanish bank BBVA (BBVA.MC) hired a former police chief in 2004 to spy on a would-be buyer and some of its officials have discussed it with the bank, a source with knowledge of the situation told Reuters. Another source briefed about the… Read More