Spain: 5 Banks Downgraded, Bankia Seeks 19 Billion Euros In Aid

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   
BING NEWS:
  • 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 - 6:30 am | View Link
  • Spain to Get $125 Billion European Bailout as 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 ...
    06/8/2012 - 1:00 pm | View Link
  • More bad news for Spain: Five banks downgraded
    Bankia, one of the downgraded banks seeks 19 billion euros in aid Already wracked with a disastrous amount of debt, the European nation of Spain saw five of its banks downgraded over the weekend. Standard & Poor's has slashed the credit ratings of five ...
    05/26/2012 - 1:00 pm | View Link
  • Spain's Bankia seeks 19bn-euro bailout from government
    Bankia also restated its results - now saying it made a 2.98bn-euro loss for 2011 rather than the 309m euros in ... rating was downgraded by S&P last month on the basis that it would probably have to take on more debt to support its banks.
    05/25/2012 - 3:13 pm | View Link
  • Spain's Bankia sets out $24bn bailout plan
    The president of troubled Spanish bank, Bankia, says he is confident of receiving 19 billion euros ($23.8bn ... day as credit rating agency Standard & Poor's downgraded Bankia and four other Spanish banks to junk status because of uncertainty over their ...
    05/24/2012 - 8:52 pm | View Link
  • More
BING SEARCH:
  • World awaits Obama's response to economic crisis
    Want to see how this story relates to your watchlist? Just add items to create a watchlist now:
    04/18/2014 - 10:06 pm | View Website
  • India
    The latest India and international business, finance, economic and political news, comment and analysis from the Financial Times on FT.com
    04/18/2014 - 8:47 pm | View Website
  • Business News, Personal Finance and Money News
    Business news and commentary articles.
    04/18/2014 - 4:08 pm | View Website
  • International News | World News
    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    04/18/2014 - 3:04 pm | View Website
  • Euro crisis latest news, commentary and analysis from the ...
    Euro crisis latest news and analysis on the euro debt crisis and possible financial contagion in eurozone
    04/18/2014 - 1:09 pm | 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