The Government will help savers deceived by preferred shares

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It will study case by case and propose to Brussels to return 100% The Government is not willing for all those affected by the preferred shares scandal in Spain to assume the same losses. Luis de Guindos is moving in Brussels so that small savers who are proven to have been deceived by their financial institutions recover 100% of their investment.  As El Confidencial Digital has learned from government sources, the Minister of Economy is maneuvering in Brussels to separate some preferred holders from others. Luis de Guindos has personally assumed this difficult negotiation , concerned about the social scandal that has been generated around this matter. He is negotiating directly with the team of the European Competition Commissioner, Joaquín Almunia , to resolve the preferential ballot , at the latest, next September.

Protect deceived savers The Executive's priority objective is to protect clients who were unaware of the risk of these products, and to distinguish them from those investors who consciously bought shares seeking high returns, and knowing their high risk. Brussels has been required that clients to whom products were 'placed' , without making Middle East Mobile Number List them aware of their dangers - and in some cases, even, without their consent -, be subject to less aggressive haircuts than to expert and knowledgeable investors. extensive financial knowledge . Specifically, efforts are being made to ensure that those who prove that they have been 'scammed' are compensated with 100% of their savings returned .



Study case by case The Government has proposed that Justice study case by case to certify that some of those affected have been innocent victims of this scandal. With this strategy , it is sought that judicial rulings agree with those 'caught' as preferential, as has already happened in some cases, such as that of a Novagalicia client .The Catalan group will maintain, for the respective territories of origin, the brands of the savings banks that created Banca Cívica, that is, Caja Navarra, Cajasol, Caja Canarias, Caja de Burgos and Caja de Guadalajara. In this case, the Caixabank name is not heavily punished as is the case with Bankia , but rather it is the Banca Cívica brand that has suffered significant deterioration.