(MoneyWatch) Bankia, Spain's 4th largest bank, suspended trading in its stock today as it waits to see if Madrid will be able to come up with more than $23 billion in bailout funds. This action, along ...
The chief financial officer (CFO) of rebuffed questions on Monday about when the bailed-out Spanish lender might completely reprivatize, saying he was focused instead on enhancing the bank's value.
Bankia SA. (BME:BKIA) generated a below-average return on equity of 3.10% in the past 12 months, while its industry returned 9.45%. BKIA’s results could indicate a relatively inefficient operation to ...
Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks ...
MADRID (AP) -- Shares in Bankia, the bailed-out Spanish bank, lost almost a fifth of their value Thursday after officials with the nation's bank bailout fund said the nationalized institution was ...
Simply sign up to the FT Alphaville myFT Digest -- delivered directly to your inbox. (What’s Spanish for GUBU again? H/T Conor Cruise O’Brien and Nomura’s Daragh Quinn). And news of that bailout, ...
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The consolidation of the Spanish banking sector continues apace, after state-controlled Bankia agreed to take ...
MADRID Bailed-out Bankia on Thursday posted a full-year net loss of 19.2 billion euro ($25.2 billion), the biggest ever suffered by a Spanish company, after the lender cleaned up its balance sheets of ...
MADRID (Reuters) - Spanish banks Bankia (MCE:BKIA) and Caixabank (MCE:CABK) on Thursday announced stake sales in other companies as lenders bulk up capital ahead of Europe-wide health checks of their ...
Spain took over Bankia, the country's fourth biggest lender, on Wednesday, trying to dispel concerns over the government's ability to clean up the financial sector four years after the banks were hit ...
MADRID – The president of Bankia tried Saturday to calm fears about the future of the bank, saying Spain's second largest mortgage lender will emerge as a solid financial entity after it receives ...
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