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Possible Answers:
CAM.
Last seen on: Daily Boston Globe Crossword Tuesday, March 7, 2023
Random information on the term “Web”:
A spider web, spiderweb, spider’s web, or cobweb (from the archaic word coppe, meaning “spider”) is a structure created by a spider out of proteinaceous spider silk extruded from its spinnerets, generally meant to catch its prey.
Spider webs have existed for at least 100 million years, as witnessed in a rare find of Early Cretaceous amber from Sussex, in southern England.Many spiders build webs specifically to trap and catch insects to eat. However, not all spiders catch their prey in webs, and some do not build webs at all. “Spider web” is typically used to refer to a web that is apparently still in use (i.e. clean), whereas “cobweb” refers to abandoned (i.e. dusty) webs. However, the word “cobweb” is also used by biologists to describe the tangled three-dimensional web of some spiders of the family Theridiidae. While this large family is known as the cobweb spiders, they actually have a huge range of web architectures; other names for this spider family include tangle-web spiders and comb-footed spiders.
Random information on the term “CAM”:
Caja de Ahorros del Mediterráneo (CAM; Mediterranean Savings Bank) was a Spanish savings bank in Alicante, Valencia.
The savings bank failed with the burst of the property bubble on Spain’s Mediterranean coast. In the first nine months of 2011 it had lost €1.7 billion and the bad loans ratio had reached 20.8 per cent. In December 2011, it was sold to Banco Sabadell for one euro.
CAM was the result of integration at different stages of 29 financial institutions, the oldest of which traces its origins to 1875. As of December 31, 2007, CAM was the fourth largest Spanish savings bank in terms of customer loans and deposits, and the 3rd largest in the market share and the number of offices.
Originating in the provinces of Alicante and Murcia, the bank provided services across Spain through a network of over 1,100 offices and 7,100 employees serving 3,300,000 customers. CAM activities were mainly focused on retail banking for individuals and SMEs. The bank also provided such financial services as insurance and asset management.