Spanish savings Banks (Cajas de Ahorro) have had a long and distinguished history over more than one hundred years of existence. They have served well the community and small businesses. However, they have been heavily affected by the banking crisis of 2007. Many of them had to merge with other institutions or were rescued. We show that, before the crisis, there were structural differences between successful Cajas and those that had to be rescued. The technical approach is based on Multidimensional Scaling Analysis (MDS). MDS has the advantage that the main characteristics of the study can be presented in a visual form, and thus facilitate communication of the results.
We complete the study with the time path of four institutions: two that survived and two that had to be rescued.
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