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Banco De España Fined Sabadell 16.5 Million for Tying Insurance Sales to Mortgages
Summary by 20minutos
4 Articles
4 Articles
The Banco de España imposed a fine of 16.5 million euros on Banco Sabadell for the joint sale of insurance mortgages between January 2022 and March 2023, according to a sanction released today by the Spanish supervisor.
·Lisboa, Portugal
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The Catalan entity has appealed the sanction to the Supreme Court.
·Madrid, Spain
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The penalty of 16.5 million euros is imposed for the linked sale of mortgages and insurance; the resolution is final after the bank's appeal. ...
The penalty of 16.5 million euros is imposed by tied sale of mortgages and insurances; the resolution is firm after the recourse of the bank. ...
Coverage Details
Total News Sources4
Leaning Left0Leaning Right1Center1Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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