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 probes Bankia IPO; Rato named suspect
    They claim that Bankia’s listing prospectus was misleading. The government in May moved to nationalize Bankia with the injection of 19 billion euros ($23.8 billion ... of a seven-way merger of Spanish banks that created Bankia SA, shortly after the ...
    07/3/2012 - 11:11 pm | View Link
  • Spain, Cyprus Downgraded
    Bloomberg reported Thursday that Moody’s cut Spain’s rating late Wednesday to one notch above junk—a three-step drop—and also cut Cyprus from Ba1 to Ba3 after cutting the ratings of three of the country’s banks ... for 4.5 billion euros ...
    06/14/2012 - 2:42 am | View Link
  • Spain bond yields at record as Fitch cuts 18 banks
    A journalist works in front of the Stock Exchange's main display while it shows Bankia values, in Madrid Monday June 11, 2012. After Spain's request for a European financial lifeline of up to a euro100 billion euros ($125 billion) to save its banks the EU ...
    06/11/2012 - 1:00 pm | View Link
  • 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 debt risk premium hits new record in bank crisis
    Under pressure to bolster the balance sheets, three Spanish savings banks -- Ibercaja, Liberbank and Caja3 -- announced they would vote on a merger later in the day. Another lender, Banco Popular, whose long-term debt was downgraded Friday to junk-bond ...
    05/28/2012 - 8:50 pm | View Link
  • More
BING SEARCH:
  • 2008–15 Spanish financial crisis
    The Spanish banking system had been credited as one of the most solid and best equipped among all Western economies to cope with the worldwide liquidity crisis ...
    05/1/2016 - 3:02 pm | View Website
  • On-Line Archive | Insurance Times
    On-Line Archive Insurance Times. All stories from this issue are listed below. Only Insurance Times subscribers can access the archive, containing over 10 years of ...
    05/1/2016 - 1:29 pm | View Website
  • Bankia
    Bankia (Spanish pronunciation: ) is a Spanish bank that was formed in December 2010, consolidating the operations of seven regional savings banks. As of 2012, Bankia ...
    04/30/2016 - 4:12 am | View Website
  • :: 아이패스에 오신것을 환영합니다.
    공지사항 리스트; 1: cheap ray ban sunglasses: 2016.04.27 04:45:29 : With you (not that I truly would need . You undoubtedly put a brand new spin on a subject ...
    04/28/2016 - 3:56 pm | View Website
  • BNN News
    Coverage of six banks and five insurance companies at Canaccord Genuity, many of them ranking in the top 20 companies by market cap, had to be briefly halted because ...
    04/27/2016 - 11:35 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