MADRID — Shares in Bankia, the giant Spanish mortgage lender that was at the heart of the country’s banking crisis, fell sharply on Tuesday after a large share issue that was meant to herald a new start.
Showing posts with label Spanish banks. Show all posts
Showing posts with label Spanish banks. Show all posts
September 01, 2012
Europe crisis: Spain creates bad bank, paves way for rescue funds
MADRID: Spain overhauled its banks for the fifth time in three years on Friday to secure up to 100 billion euros ($125 billion) in European aid for lenders crushed by bad loans from an extended property market crash.
June 13, 2012
Euro crisis: It's still not over
NEW YORK (CNNMoney) -- Spain officially requested a bailout for the nation's banks Saturday but euphoria about the weekend's announcement was short-lived.
June 09, 2012
Europe crisis: Spain passes market test, Merkel douses summit hopes
MADRID/LONDON: Spain showed on Thursday that it can still access the credit markets at an affordable but rising cost against a backdrop of feverish behind-the-scenes planning for a likely European rescue of its debt-stricken banks.
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