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 Bankia. Show all posts
Showing posts with label Bankia. 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.
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.
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