Financial markets and companies are starting to worry about the economic consequences that would come if Catalonia declares independence . On Oct. 4, the shares of two Catalonia-headquartered banks, CaixaBank and Banco Sabadell, fell by more than 5 percent. The following day, Banco Sabadell's board of directors met to discuss the possibility of moving its legal seat out of Catalonia. In the meantime, drug company Oryzon announced on Oct. 4 a decision to relocate away from Catalonia, while telecommunications company Eurona announced on Oct. 5 that it, too, will move its headquarters from Barcelona to Madrid. (The company said the decision was made a year ago.) Several other businesses throughout Spain have said that they are also following events in the region closely and are considering various options for how to respond. At this point, it's too early to speak of an exodus of companies from Catalonia.