CCM, a Castille Savings Bank seized by the Central Bank.

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The New York Times  (here) has picked the story of Caja Castilla La Mancha. A lot of bad assets and bad lending decisions seemed to have lead to the current situation.

This is the first banking seize of Spain in the current recession. 

Also, if you are up for a $2M white castle in costa del sol, NYT has one for you. 

 

Last Updated ( Monday, 15 February 2010 10:19 )