PagoFX launches international money transfer service in Spain

Due to the pandemic and travel restrictions, PagoFX is helping Spanish residents with a no-fee programme, which lets all users to send up to €1.000 in different transactions at no fee until 28 February 2021, and higher amounts at a low cost.


Lloyds to close 56 branches

Following a Covid-19-related pause, Lloyds Banking Group has resumed plans to close 56 branches across its network, affecting 160 jobs.


Spain's BBVA to sell US banking arm to PNC for US$11.6 billion

Shares in BBVA jumped almost 16% to €3.6830, while shares in Spain's Sabadell rose 12.7% to €0.3791 as the market bet that BBVA could use part the proceeds from the sale to buy its smaller Spanish rival, which has a current market capitalis