Showing posts with label Spanish banking industry. Show all posts
Showing posts with label Spanish banking industry. Show all posts

May 28, 2012

Giant Lender in Spain Asks for Billions to Fend Off Collapse

MADRID — Spain’s banking crisis worsened Friday as the board of Bankia, the country’s biggest mortgage lender, warned that it would need an additional 19 billion euros ($23.88 billion), far beyond what the government estimated when it seized the bank and its portfolio of delinquent real estate loans earlier this month.