After Banco Sabadell’s shock move to Alicante, Caixa announces shift to Valencia amid post-independence vote uncertainty

Spain’s third largest bank is to move its registered office from Catalonia in the latest fallout for businesses from the political tensions in Spain.

The announcement by CaixaBank that it was shifting its legal base to Valencia came hours after the Catalan government set up a crisis committee in an effort to halt the threatened haemorrhage of business out of the region if it goes ahead with a unilateral declaration of independence (UDI).

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