Spain's lender Bankia says it won't need more aid after it receives $24B in state support

May 26, 2012

The president of troubled Spanish lender, Bankia, says the bank will emerge as a solid financial entity that will not need further recapitalization after it receives €19 billion ($23.8 billion) in state aid it has asked for. full story

More news more news

Bankia investors to absorb heavy losses

Spain’s bank bailout fund warns of significant losses for Bankia shareholders as part of the European Union–financed cleanup of the nationalized lender.

marketwatch.com (4 months and 5 days ago)

Bankia compensation qualms signal loss of faith in Spain's banks

MADRID (Reuters) - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system.

reuters.com (1 month ago)

Daily Digit: Bankia shares plummet

March 25 - Shares in Spain's largest rescued lender Bankia dropped 41.04 percent to 0.148 euros after the country's bank restructuring fund valued them at 0.01 euro. Hayley Platt reports.

reuters.com (2 months and 27 days ago)

Bankia Shareholders Face Losses

Spain's bank bailout fund has warned of significant losses for Bankia shareholders as part of the European Union-financed cleanup of the nationalized lender.

wsj.com (4 months and 5 days ago)

DealBook: Bankia Stock Value Is Nearly Wiped Out Under Recapitalization Plan

Shares in Bankia, the giant Spanish mortgage lender whose collapse last year led to a banking crisis in Spain, slumped 41 percent on Monday after regulators wiped out most of the stock’s value.

nytimes.com (2 months and 27 days ago)

Bankia Falls After New Shares List

Shares of Bankia fell after the nationalized lender at the center of Spain's banking crisis listed 11.5 billion new shares, the result of a capital increase and a mandatory stock swap that turned thousands of customer-bondholders into shareholders.

wsj.com (22 days ago)

Bankia compensation qualms signal loss of faith in Spain's banks

By Sonya Dowsett MADRID (Reuters) - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system. The disputes over mis-selling at Bankia and other nationalized banks have created a major headache for the...

yahoo.com (1 month ago)

Europe is Safe... Just Ask Spanish Depositors... Who Have Lost EVERYTHING

Anyone who wants to get an inside look at both the European banking system and the politicians in charge of fixing it need to only look at Spain’s Bankia. Bankia was formed in December 2010 by merging seven totally bankrupt Spanish cajas (regional banks that were unregulated). The bank was heralded as a success story and an indication that European Governments could manage...

zerohedge.com (3 months and 27 days ago)

Daily Digit: Bankia's 19.2 Billion Euro Loss

19.2 billion euros is today's daily digit in Europe. It's Spain's biggest ever corporate loss and it comes from troubled lender Bankia.

palmbeachpost.com (3 months and 21 days ago)

Daily Digit: Bankia's 19.2 billion euro loss

Feb. 28 - Spanish lender Bankia posts the country's biggest ever corporate loss of 19.2 billion euros for 2012, but the troubled lender insists it's on track for a recover in 2013. Ciara Sutton reports.

reuters.com (3 months and 21 days ago)

More World news »