Layoffs, branch closures, recovering the bailout ... the challenges of the 'superbank'

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• MARÍA HERNÁNDEZ

  Madrid

Updated on Friday, September 18, 2020 - 16:01

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• Banking.

  CaixaBank and Bankia approve their merger and start the creation of the largest bank in Spain

• Opinion.

  The great fusion: "Now the complicated begins"

The creation of the largest bank in Spain starts to move, but his will not be a flat road.

The new entity,

, with assets worth 664,000 million euros and a market share of more than 25%, has many issues ahead of it, challenges ranging from its business to its structure, without forgetting the difficult context in the that assumes them.

Barclays estimates that restructuring costs could be slightly above € 1 billion.

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