Spain: Bankia in Trouble

Spain: Bankia in Trouble

May 17th, 2012

Via: BBC:

Shares in Spanish bank Bankia have continued their dramatic decline on concerns over the firm’s finances.

The share price was down another 15% on Thursday, taking losses for May to 45%.

Spain denied a report in the El Mundo newspaper that customers had taken more than 1bn euros ($1.3bn; £800m) out of the bank, which is set to be part-nationalised, over the past week.

The government, meanwhile, has had to pay sharply higher rates of interest to borrow money on the bond markets.

<!– AD CAN GO HERE

Buy gold online - quickly, safely and at low prices

END: AD CAN GO HERE –>

Leave a Reply

You must be logged in to post a comment.

Views: 0

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes