(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 ...
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 ...
Spain's Bankia will wipe out the investments of 350,000 shareholders, many of them small savers and pensioners, after it emerged that losses on bad loans at the troubled bank were even worse than ...
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 ...
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 ...
We’ll send you a myFT Daily Digest email rounding up the latest Bankia SA news every morning. Bankia, the part-nationalised Spanish savings bank, bought 4.3 per cent of its own shares in the months ...
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 ...
Spain's answer to RBS – Bankia – has 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 ...
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