Friday, September 4, 2009

While unemployment grows…so do the big bank’s profits

There is now another reason for putting our money (and faith?) in smaller ‘socially-minded’ financial institutions

An editorial in the business daily Cinco Días
says experts believe that the case of the Spanish banks proves that ‘the crisis’ can open up opportunities for those who know how to take advantage of them:

“They are making the most of [this world-wide economic recession] because they're seizing opportunities at a good price.

And thanks to the acquisition of banks that were in trouble they have grown larger.”

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