In total, Catalunya Banc received three fines of US $ 3.4 million, and four other BFA-Bankia, by the same amount.
In the case of Catalunya Banc, greater amount of the fine, US $ 2.2 million is for the marketing of hybrid products made by Caixa Catalunya, Caixa Tarragona and Caixa Manresa, the entities that merged to form Caixa Catalunya, which continued with the practice.
two fines of US $ 1.1 million and US $ 111,203, are not adequately manage conflicts of interest arising from the transaction between customers at prices significantly away from fair value.
The resolution imposing sanctions on Catalunya Banc firm is only in administrative proceedings, without prejudice to the powers of judicial review corresponding to the Division of Administrative Litigation of the National Court.
For its part The four BFA-Bankia fines are also not properly manage conflicts of interest arising from the transaction between customers at prices significantly away from fair value.
Three of the fines have been imposed BFA by the activity of Bancaja (US $ 1.1 million), Caja Madrid (US $ 1.1 million) and Caixa Laietana (US $ 111,193). The other, also of US $ 1.1 million, is the activity of Bankia.
The sanctions resolution BFA-Bankia is not firm at an administrative appeal had been lodged against it.
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