Spain’s Bankia tests turnaround at shareholder meeting
MADRID (Reuters) - Spain's Bankia will seek on Friday to sell its recovery to some of its fiercest critics, the thousands of small investors who lost money in the country's...
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Spain’s bad bank to require steep discounts: source
MADRID (Reuters) - Lenders will face steep discounts to transfer property assets into Spain's so-called bad bank, to reflect a worsening economic and property market scenario, a source with knowledge...
Spanish bank audit buys more time for PM Rajoy
MADRID (Reuters) - An independent audit of Spanish banks confirmed a manageable 59.3 billion euros in extra capital is needed for them to ride out a serious economic downturn, buying...
Spain requests bank aid, Moody’s downgrades banks
MADRID (Reuters) - Spain formally requested a European bank rescue on Monday but lack of details kept investors fretting and Moody's cut the ratings of most Spanish lenders, citing the...
IMF report to show Spanish banks need 40 billion aid
MADRID (Reuters) - An International Monetary Fund report on Spanish banks will show the country's troubled lenders need a cash injection of at least 40 billion euros ($50 billion), sources...
Spain may recapitalize Bankia with government debt: source
MADRID (Reuters) - Spain may recapitalize Bankia with Spanish government bonds in return for shares in the bank which last week asked for rescue funding of 19 billion euros ($24...
Spain’s Bankia eyes stake sales after record bailout
MADRID (Reuters) - Spain's fourth biggest lender, Bankia, on Saturday prepared to sell stakes it holds in companies to meet European competition rules after a state rescue that has so...
Spain to inject $11.3 billion funding gap at Bankia
MADRID (Reuters) - Spain said on Wednesday its rescue of problem lender Bankia would cost at least 9 billion euros ($11 billion), as the government tries to clean up a...
Spain bails out Bankia, seeks plan for troubled regions
MADRID (Reuters) - Spain announced a 9-billion-euro ($11 billion) bailout for troubled lender Bankia on Wednesday, while also seeking ways to help its highly indebted regions meet huge refinancing needs...
Banks’ rising bad loans add to Spanish troubles
MADRID (Reuters) - Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an...