Banks consider relocation outside Catalonia amid political uncertainty

Political uncertainty over the future of Catalonia's secession bid has hit the economy, with stock markets falling and big Catalan firms relocating, or considering a move, elsewhere in Spain.

Executives at Banco Sabadell, one of Catalonia's largest banks, are set to decide whether to move the company's official registration from Barcelona in order to remain under European regulations even if regional separatist authorities succeed in declaring independence as early as next week.