Caja Madrid, the savings bank that provides services at approximately 1,900 banking offices and more than 4,600 supermarket locations throughout Spain, decided to use its strategic stakes in financial service companies to create a separate company and launch it on the stock exchange before the end of 2008.
The venture has a precedent: last year Spain 's bank La Caixa grouped all its holdings into a single company, Criteria.
Caja Madrid has also announced its acquisition of 83 percent of City National Bank of Florida for $927 million cash.
Here is the big reveal. As of right now this will be the Vice Presidential choice for Joe Biden. I am amazed this has been a secret as long as it has been, though we certainly got the scoop on everyone