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 banking system that threatens to drag the country deeper into the euro zone crisis. Losses at Spain's fourth largest bank are central to investors' fears that the country's fragile financial system, already vulnerable to rising ...
MADRID (Reuters) - Spain may say on Wednesday how it will plug a hole of at least 8 billion euros ($10.21 billion) at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis. Economists say Spain has little hope of emerging from recession unless there is a wide-ranging bank recapitalization and many predict ...
Spain will recapitalize BFA-Bankia (BKIA) with as much public money as necessary, as the nationalized group needs at least 9 billion euros ($11 billion) to comply with banking rules, Economy Minister Luis de Guindos said.
