Friday 25 May 2012

Bankia shares are suspended in Madrid


08:50 |

Trading in shares in the Spanish lender Bankia have been suspended in Madrid. The market regulator CNMV said it was "due to circumstances that may affect the normal share trading". Bankia is reported to be due to ask the government for a bailout of more than 15bn euros ($19bn; £12bn) after a board meeting later on Friday. Bankia, which is Spain's fourth-largest bank, was part-nationalised two weeks ago because of its problems with bad property debt. Any extra government money would be on top of the 4.5bn euros in state loans that the government had to convert into shares in the group in the part-nationalisation process. Shares in Bankia's parent company Banco Financiero y de Ahorros (BFA) have also been suspended. Bankia was created in 2010 from the merger of seven struggling regional savings banks. It holds 32bn euros in distressed property assets.


You Might Also Like :


1 comments:

ikiaearnshaw said...

Casino & Sportsbook - DRMCD
Casino & Sportsbook 천안 출장안마 Play your 안동 출장샵 favorite 통영 출장샵 casino games at any of our locations, including slots, blackjack, 울산광역 출장안마 poker, roulette, 정읍 출장안마 keno and

Popular Posts

Related Posts Plugin for WordPress, Blogger...