CAM bank seeks state rescue package

The plan hatched last year to merge CAM (Caja de Ahorros del Mediterraneo), an Alicante-based savings bank, with three other savings banks (Cajastur, Caja Cantabria and Cajas Extremadura) came unstuck yesterday when the last three decided against a merger with CAM. CAM is now seeking a rescue package from the Bank Restructuring Fund (FROB - Fondo de Reestructuración Ordenada Bancaria), in other