Spain takes over Cajasur

Spain's central bank moved Saturday to take over Roman Catholic Church-controlled savings bank CajaSur, a big step forward in its efforts to clean up the country's ailing mutually owned banks.

Spain's central bank moved on Saturday to take over Roman Catholic Church-controlled savings bank CajaSur, a big step forward in its efforts to clean up the country's ailing mutually owned banks.

The move comes at a time of rising concerns over Spanish creditworthiness.

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