Friday, May 25, 2012

Bankia demands a ransom of $24,000 million Spanish

Bankia Spanish bank was most affected by the financial crisis and had to be partially nationalised by the Government.

The fourth largest financial institution Spain, Bankia, asked the Government injection of $24,000 million, which would be the largest bank bailout in the history of the country.

This comes a few weeks after the Government Inyectara US$ 6,000 million to bail out the Bank.

Also Bankya were on Friday stocks on the Bolsa de Madrid suspended, while a team the State presented a restructuring plan developed.

The Bank, which was nationalized some two weeks ago, is the impact of a large amount of debt after the collapse of the real estate market in Spain.

On the other hand, standard & poor's rating agency downgraded Friday five Spanish banks, including Bankya qualification.

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