Spanish Bank Deal Brews to Create a Regional Powerhouse

Noble Horvath

(Bloomberg) —

CaixaBank SA’s potential acquisition of Bankia SA would create a new powerhouse in Spanish finance, putting pressure on the country’s other three top banks.

A takeover, which may be announced within days, would allow the combined company to lead rivals Banco Santander SA and Banco Bilbao Vizcaya Argentaria SA in the domestic market by almost every measure, with more than 600 billion euros ($715 billion) of assets in Spain. In some key areas, CaixaBank is already No. 1 on its own.

That may prompt rivals to look for ways to catch up. Banco de Sabadell SA, which stands to be left far behind, is working with Goldman Sachs Group Inc. to explore strategies that may include consolidation or selling assets. Here are six charts to show how the combined bank would stack up against its Spanish competitors.

a screenshot of a cell phone: Taking the Lead

© Bloomberg
Taking the Lead

The new bank would also be

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Corey Haas’ latest work in bowhunting and the outdoors is the Bow Shop Bible app, another example of the intersection of modern technology and the outdoors.

Noble Horvath

Corey Haas’ breakthrough for archery came around 13 with an aluminum arrow found while pheasant hunting at Des Plaines State Fish and Wildlife with family and friends.

Fascination with that arrow turned into a lifetime pursuit.

“I get a little obsessive compulsive with some things,” he said. “I did with a bow.”

By 16, he took his first buck in Will County. Jump ahead 27 years and Haas, 43, a union electrician from Channahon, was the creative force behind the Bow Shop Bible app, released around Christmas.

Archery season for deer in Illinois opens Oct. 1.

Last weekend I discussed the app with Haas, who was raised a duck and goose hunter. His late dad, Alan, was a noted taxidermist in Lockport.

The intersection of technology and outdoors fascinates me.

Explosive changes in GPS altered fishing and anchoring. Crossbows are vastly different than other bows. The monofilament fishing line I

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A major internet outage on Sunday took Hulu, Amazon, and 3.5% of the world’s internet traffic with it

Noble Horvath

  • A giant internet outage, due to an issue at major telecommunications company CenturyLink, wiped out 3.5% of global internet traffic on Sunday.
  • The outage affected web giants including Amazon and Hulu as well as individual internet users.
  • The outage began at 6 a.m. Eastern and ended around 11 a.m. Eastern.

CenturyLink, a major telecommunications company, experienced a giant outage on Sunday that impacted internet users across the US. The issue, which the company says has since been resolved, caused global internet traffic to drop 3.5%, according to the internet company Cloudflare.

The outage began at about 6 a.m. Eastern and affected individual users as well as internet-based services like Hulu, Chase, Xbox Live, Discord, and Amazon. Connection was restored about five hours later, at around 11 a.m. Eastern.

The outage comes at a time when Americans are relying on internet access more than ever. Since the start of the COVID-19

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Gadget Review: Ace gaming performance at an affordable price

Noble Horvath

The Asus TUF A15 comes in hard with its gaming style, latest AMD Ryzen processor, Nvidia graphics card and RGB keyboard lighting. It’s a deal that is hard to ignore, especially with that price tag. So, what are we missing out on?

The laptop is comfortable to use during long work sessions—it doesn’t heat up. This all changes when you start gaming. It gets very loud and, at the same time, starts throwing out a lot of hot air. I found the heat too much to comfortably use the laptop on my lap while gaming. The fans also get really loud, enough to make you want to turn your volume up while gaming.

The TUF A15 has a wide selection of ports, including 3 USB ports, a USB-C, HDMI, headphone/mic and an RJ45 port. There is no SD card slot or disc drive (not that you need one anymore).


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