Sabadell bank to shift domicile from Catalonia
The bank will on Friday launch "rapid" procedures that within days will move its legal domicile, but not its headquarters and employees.
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The bank will on Friday launch "rapid" procedures that within days will move its legal domicile, but not its headquarters and employees, to the eastern city of Alicante, a spokesman who asked not to be named told AFP.
Shares in the Catalan lender, the second-biggest bank in the northeastern region, had plunged 10 percent on the stock exchange this week as a political crisis between Catalonia and Madrid deepened.
They recovered on Thursday, up more than six percent at close of trading.
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Catalonia's biggest lender CaixaBank will also hold discussions on Friday about possibly shifting its legal domicile out of the region, a source close to the matter told AFP.
The Catalan regional government has said it could declare independence as early as Monday. It claims voters backed the move in a referendum vote outlawed by Madrid.
The political standoff has dragged Spain into its worst political crisis in decades.
Catalonia accounts for a fifth of Spain's economy.
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