UPDATE 1-Mortgage litigation claims could hit Spanish bank results - Bank of Spain [Reuters (UK)]
CAIXABANK SA UNSP/ADR (CAIXY)
NASDAQ:AMEX Investor Relations:
caixabank.com/inversoresinstitucionales_en.html
Company Research
Source: Reuters
Mortgage litigation claims could hit Spanish bank results: Bank of Spain - Reuters 4 Min Read MADRID (Reuters) - Spanish banks could see a rise in legal claims related to an historic method for pricing mortgages that could have a big impact on their profits, the Bank of Spain said on Tuesday. Spain’s mortgage rate index (IRPH) was an alternative to Euribor used for pricing floating-rate mortgages, and was based on the mean of mortgage yields sold by banks. It was scrapped by the government in 2013, following criticism it did not allow customers to benefit sufficiently from lower interest rates. Spain’s Supreme Court ruled in 2017 the index did not constitute an abuse of the market and that its use in contracts was transparent as the IRPH was an official measure approved and published by the Bank of Spain. However, customers and lower courts have challenged this decision at the European Court of Justice (ECJ). On Tuesday, the Bank of Spain said a final decision by the ECJ was expected
Show less
Read more
Impact Snapshot
Event Time:
CAIXY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
CAIXY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
CAIXY alerts
High impacting CAIXABANK SA UNSP/ADR news events
Weekly update
A roundup of the hottest topics
CAIXY
News
- European Stocks Fall Amid Worries Over Russia-Ukraine Escalation [Yahoo! Finance]Yahoo! Finance
- CaixaBank, S.A. 2024 Q3 - Results - Earnings Call Presentation [Seeking Alpha]Seeking Alpha
- CaixaBank, S.A. (OTCMKTS: CAIXY) was downgraded by analysts at Barclays PLC from a "strong-buy" rating to a "hold" rating.MarketBeat
- Santander Reorganizes Leadership Roles at Wealth Management Unit [BNN Bloomberg (Canada)]BNN Bloomberg
- Regnology Announces the 31st Annual RegTech Convention on November 18-21 [Yahoo! Finance]Yahoo! Finance