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World News

Caixabank moves from Catalonia to Valencia

A man walks past a Caixa bank branch in Barcelona, Spain October 6, 2017. REUTERS/Yves Herman

MADRID (Reuters) - The board of Spain’s third biggest bank, Catalonia-bsaed Caixabank, has decided to transfer its registered office to Valencia, a source familiar with the situation said.

Caixabank later confirmed in a statement it had taken the decision “in light of the current political and social situation in Catalonia.”

Reporting by Adrian Croft

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