Spanish saving banks Chairmen pose after signing their SIP, or so-called virtual merger, agreement in...
Spanish saving banks Chairmen (L-R) Atilano Soto of Caja Segovia, Agustin Gonzalez of Caja Avila, Jose Luis Olivas of Bancaja, Rodrigo Rato of Caja Madrid, Jose Manuel Suarez del Toro of Caja Insular de Canarias, Jaume Boter de Palau of Caixa Laietana and Fernando Beltran of Caja Rioja pose after signing their SIP, or so-called "virtual" merger, agreement in Madrid June 15, 2010. The group resulting from a merger between Caja Madrid and other savings banks will request 4.5 billion euros ($5.49 billion) from Spain's bank restructuring fund set up to encourage mergers and strengthen the banking sector, Bancaja said on Monday.
REUTERS/Sergio Perez (SPAIN - Tags: BUSINESS)