Spanish Bank Banco Sabadell has decided to move the head office from Barcelona because of the possibility of the Declaration of independence of Catalonia. About it writes El Pais.
Banco Sabadell was founded over 100 years ago. It is the second largest Catalan Bank and the fourth in Spain in terms of assets. For the first time in its history, the financial institution changes the headquarters.
The third largest in Catalonia, CaixaBank, is also considering the idea of moving the main office. It can move to Madrid or Palma de Mallorca.
The greatest danger of the current situation that CaixaBank can remain outside the Eurozone, losing therefore access to primary liquidity by the European Central Bank. Clients in this scenario, you may lose the support of the Deposit guarantee Fund.