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The beginning of 2013 saw the end of La Caja de Canaria the bright yellow coloured bank that seemed to be everywhere throughout the Canary Islands.

The makeover will be competed by the end of 2014 as Spain settles into an analysis of the effects of it's cutbacks , however if anything has been learned from the last 4 years of recession it's that the IMF, the European Bank, G8 and the world bank don't control things, they react to things; it's the market that controls things.

What we are seeing is these big institutions in our lives, the banks, recovering from a battle they lost. The analogy is valid, the battle field is littered with banks from many countries that have fallen, been dismembered, incapacitated and decapitated.

In the light of such a description the terms takeover or merger are shallow bank speak.

Early features here noted the apparent new problems introduced as a result of the online banking system being changed over the first half of 2013.


Canary Islands bank taken over at end of 2012
When I recall Mary Poppins from my childhood one of the scenes with the bankers seemed to be dark, today my feeling are not so different at times and like many I feel helpless as the banking world seems to make up it's own rules without any constraints.

La Caja de Canarias is now under the control of Bankia
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