Patrimonios Can, the private banking division of Spanish savings bank Caja Navarra, has focused on autocallable payouts linked to domestic underlyings since the financial crisis, as its clients have turned to simple structures and stocks they are familiar with.
As is the case for many other banks involved in structured products, complex structures are currently off limits, as are international underlyings. "Domestic investors prefer Spanish stocks. They feel more comfortable with those companies
The week on Risk.net, July 7-13, 2018Receive this by email