Jun 6, 2013

The Madrid Prosecutor’s Office is to appeal the decision by Judge Elpidio José Silva to send the former chairman of Caja de Madrid, Miguel Blesa, back to jail without the possibility of bail while he continues his investigation into alleged irregularities committed in the Spanish savings bank’s purchase of City National Bank of Florida, judicial sources said...

Jun 5, 2013

The judge investigating alleged irregularities in Caja Madrid’s purchase of City National Bank of Florida on Wednesday ordered the former chairman of the Spanish savings bank, Miguel Blesa, to be imprisoned again, this time without the possibility of bail, judicial sources said Wednesday. Blesa is facing charges of criminal mismanagement, falsification of...

May 16, 2013

A judge has ordered that the former president of Caja Madrid, Miguel Blesa, be remanded in custody on 2.5-million-euro bail over the lender’s purchase of City National Bank of Florida. The court considers Blesa a flight risk and has also confiscated his passport, according to judicial sources. Blesa, who headed up Caja Madrid between 1996 and 2009, is being...