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Politics

Bankia Seeks €19bn Rescue, Fears of Spanish Bailout Mount

ibtimes.com (11 months and 28 days ago)

May 26, 2012

Bankia restated its 2011 results putting the loss at €2.98bn against the earlier reported €309m profit. full story

More news

Bankia to reveal largest loss in Spanish corporate history

Nationalised Spanish lender Bankia is expected to reveal a €19bn loss next week, the largest in the country's corporate history.

telegraph.co.uk (3 months ago)

Bankia to Post Biggest Loss in Spanish History

Bankia's state bailout cost 24 billion euros just 11 months after it was listed on the Madrid stock market, the Financial Times reports.

cnbc.com (2 months and 30 days ago)

Spanish Central Bank to Face Suit Over Bankia Bailout

A complaint accuses the bank and other authorities of failing to adequately oversee Bankia, from its formation to its listing in July 2011 and nationalization in May last year.

nytimes.com (13 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 (3 days ago)

Bankia results confirm worst ever losses

Spanish bank has published its country's worst results yet, giving investors a share value close to zeroSpain's answer to RBS – Bankia – published the worst results ever seen by a Spanish corporation, racking up 2012 losses of €19.2 bn (£16.6bn) as the nationalised bank drowned in a sea of toxic real estate left over from the country's burst housing bubble.The figures...

guardian.co.uk (2 months and 24 days ago)

Bankia posts biggest loss in Spanish history

Bailed-out Bankia on Thursday posted a full-year net loss of €19.2 billion ($25.2 billion), the biggest ever suffered by a Spanish company, after the lender cleaned up its balance sheets of bad property loans and other risky investments.

foxnews.com (2 months and 24 days ago)

Bankia posts biggest loss in Spanish history

Bailed-out Bankia on Thursday posted a full-year net loss of (EURO)19.2 billion ($25.2 billion), the biggest ever suffered by a Spanish company, after the lender cleaned up its balance sheets of bad property loans and other risky investments.

miamiherald.com (2 months and 24 days ago)

Bankia posts biggest loss in Spanish history

MADRID (AP) — Bailed-out Bankia on Thursday posted a full-year net loss of €19.2 billion ($25.2 billion), the biggest ever suffered by a Spanish company, after the lender cleaned up its balance sheets of bad property loans and other risky investments.

boston.com (2 months and 24 days ago)

Losses Set for Bankia Holders

Shareholders in Bankia will be nearly wiped out and its junior bondholders will lose about 30% of their original investment in the restructuring plan for Spain's largest ailing bank, the country's bailout fund said.

wsj.com (2 months and 2 days ago)

Spain's Bankia Shares Fall Below 1p Value

Thousands of small Spanish investors joined the 2011 Bankia flotation, buying shares at 3.75 euros, now worth just a cent each.

sky.com (1 month and 27 days ago)

Bankia Seeks €19bn Rescue, Fears of Spanish Bailout Mount

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