It’s not looking good for the Spanish banking system. Standard & Poor’s just slashed the credit ratings of five banks and said the country is headed into a double-dip recession. One of them, Bankia, just asked the government for 19 billion euros in aid - a roughly $23.8 billion boost.

Topics:  it&rsquo   standard   poor&rsquo   bankia   banks   billion euros in aid   
  • Spain Seeks $125 Billion Bailout as Bank Crisis Worsens
    Fitch Ratings downgraded Spain to BBB, within two steps of non-investment grade, on June 7 and said the cost to the state of shoring up banks may amount to as much as 100 billion euros in the worst ... “When Bankia got into trouble and they had to ...
    06/9/2012 - 7:30 am | View Link
  • Leading Spanish bank seeks fund support to avert bankruptcy
    Berlin: Spain's ... Friday evening downgraded the creditworthiness of Bankia and four other banks to BB+ from BBB. Last week, Moody's downgraded 16 Spanish banks. Bankia announced on Friday that it suffered a loss of around 3 billion euros in 2011 ...
    05/26/2012 - 1:00 pm | View Link
  • Bankia seeks US$24-billion bailout from Spain
    The Bankia group ... concern about the health of Spain’s banks and increased the government’s financing costs as it struggles with the debt crisis. The restructuring costs for BFA, which come on top of 4.5-billion euros from a first government bailout ...
    05/26/2012 - 7:26 am | View Link
  • Spain's Banks Are Collapsing
    A man leaves a Bankia office on May 17, 2012 in Madrid. Shares in Spain's Bankia, taken over by the state because of its troubled loans, plunged after a report that clients had withdrawn more than a billion ... euros and banks are getting downgraded ...
    05/26/2012 - 2:44 am | View Link
  • Spanish Lender Seeks 19 Billion Euros; Ratings Cut on 5 Banks
    Spain’s banking crisis worsened Friday as the board of Bankia, the country’s biggest mortgage lender, warned that it would need an additional 19 billion euros ($23.88 ... ratings agency, downgraded Bankia and two other banks, Banco Popular and ...
    05/25/2012 - 6:55 pm | View Link
  • More
  • International Financing Review
    PTSB makes do without greenshoe. IFR 2081 2 May 2015 to 8 May 2015 By Graham Fahy. Permanent TSB has forgone the option of a safety net to absorb any unexpected ...
    05/6/2015 - 8:05 am | View Website
  • Bankia
    Bankia is a Spanish banking conglomerate that was formed in December 2010, consolidating the operations of seven regional savings banks. As of 2012, Bankia is the ...
    05/6/2015 - 6:54 am | View Website
  • World business, finance, and ...
    The latest India and international business, finance, economic and political news, comment and analysis from the Financial Times on
    05/6/2015 - 2:58 am | View Website
  • Bloomberg
    The daily online Bloomberg report gives you the latest headlines from around the world, current market data annd personal finance advice, politics and top videos.
    05/6/2015 - 2:36 am | View Website
  • European debt crisis
    1 Causes; 2 Evolution of the crisis. 2.1 Greece; 2.2 Ireland; 2.3 Portugal; 2.4 Spain; 2.5 Cyprus; 3 Policy reactions. 3.1 EU emergency measures. 3.1.1 European ...
    05/6/2015 - 2:15 am | View Website
  • More
Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News