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MADRID — Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its capital defenses by as much as €7.5 billion ($9.56 billion), the country’s economy minister said ...
May 21, 2012 at 09:42 | Source: Washington Post
MADRID Spain’s troubled bank, Bankia, has asked the Spanish government for €19 billion ($23.8 billion) in financial support just as a leading credit rating agency downgraded it to junk status. Jose Ignacio Goirigolzarri, the bank’s president, said ...
May 26, 2012 at 04:07 | Source: Hamilton Spectator
After repeated denials of the creation of a combined “bad bank”, Spain’s economy minister Luis de Guindos is discussing creation a public body merging all the smaller bad banks into one gigantic bad bank, equivalent to 20% of the entire Spanish ...
May 25, 2012 at 03:46 | Source: HoweStreet.com
Bankia SA, Spain's fourth biggest bank and newly nationalized, asked for a bailout of 19 billion euros ($24 billion) to repair losses from a property crash - the biggest Spanish bank rescue ever. Meanwhile, the president of Catalonia, one of the wealthiest ...
May 25, 2012 at 20:28 | Source: msnbc.com
BRUSSELS — Firing back after Argentina nationalized assets belonging to a Spanish oil company, the European Union said on Friday that it would go to the World Trade Organization to challenge what it called the South American country’s ...
May 25, 2012 at 13:19 | Source: New York Times
The government will effectively nationalize Tokyo Electric Power Co. on July 25 by injecting ¥1 trillion in taxpayers' money into the nation's biggest utility, which has been swamped by liabilities related to the Fukushima nuclear disaster, Tokyo Electric ...
May 21, 2012 at 17:20 | Source: Japan Times
Spain's benchmark IBEX35 stock exchange ended Friday trading up 0.13 percent. Foreign investors in particular appear to be dumping Spanish government debt. In the first four months of the year the amount they held fell 24 percent to (EURO)213 ...
May 26, 2012 at 04:07 | Source: Minneapolis Star Tribune
BUENOS AIRES May 13 (Reuters) - The governor of Argentina's Santa Cruz province signed a decree that key oil fields stripped from energy company YPF should be returned now that it is no longer controlled by Spain's Repsol, local media reported ...
May 13, 2012 at 16:11 | Source: Reuters
Mas and Duran said that CatalunyaCaixa should receive the same treatment as the Bankia Group, the lender nationalized earlier this month and that’s asking for 19 billion euros ($23.8 billion) of state funds to clean up its balance sheet ...
May 27, 2012 at 09:06 | Source: Bloomberg
By: Jamie Coleman Caisse Centrale du Crédit Immobilier de France (3CIF) stands on the brink of collpase and may need to be nationalized by the French government, the Sunday Times reports. Welcome to the Elysee, M. Hollande.
May 20, 2012 at 14:08 | Source: FXStreet.com