Unicaja calls off merger talk with Caja Castilla La Mancha

Some of the background to the 'rescue' over the weekend of troubled savings bank Caja Castilla la Mancha (CCM) by the Spanish government (I wrote about that here) is now beginning to emerge.It seems thar the Andalusian savings bank, Unicaja, had been in merger talks for some time with CCM, but had pulled out because it was dissatisfied with the guarantees offered by the Banco de España. One is