Citibank also leaves Spain

MADRID – In a similar move to that of Barclays, Citibank has also decided to sell off its retail business by selling it to Banco Popular, who will be integrating it into its online division, citibank.es  In Spain the US bank, once one of the largest in the world, operated mainly in the credit card business, Citi Oro and Visa Cepsa (both free even without an account at the bank), of which they emitted over a million.//Banco Popular has stated that it will maintain the same conditions for the cards and customers will not notice any difference, as they will continue to operate in the same way as Citibank. However, it remains to be seen whether this will continue into the future, given that the contracts for the cards are of indefinite duration (See our article on Barclays. Also, the Cepsa Visa, obtainable at Cepsa petrol stations and being a shared brand, we shall see if the agreements with the oil company remain the same -- watch this space (and please tell us if you have any news on the subject!)

Barclays customers move to Caixabank

MADRID – With Barclays having sold off their Spanish retail business (270 branches) to one of Europe’s largest banks, its customers’ accounts will automatically be transferred to Caixabank, unless they have decided to move their custom elsewhere. By this time, Barclays clientele will probably have received notification of much of the following. However, we have often been asked to translate this kind of thing because the entity has neglected to put it into English or another European language. So, how will this affect you?