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 energy giant Abengoa announces debt restructuring deal
    Spanish energy giant Abengoa (LSE: 0NUI.L - news) , struggling under a debt pile of nearly nine billion euros, said late Thursday it had reached a preliminary debt restructuring deal with banks and bondholders ... up of Spain's Bankia (Amsterdam: QU8.AS ...
    06/29/2016 - 1:00 pm | View Link
  • 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 ...
    05/25/2012 - 8:17 pm | View Link
  • Spain's Bankia seeks 19bn-euro bailout from government
    Spain's fourth-largest bank, Bankia, has asked the government for a bailout worth 19bns euros ($24bn ... Spain's credit 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 - 5:13 pm | View Link
  • 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 ...
    05/25/2012 - 8:19 am | View Link
  • Spain's Bankia seeks record bailout of ?19 bn
    Spain's fourth-biggest bank, Bankia ... 31.8 billion euros at the end of last year, according to Bank of Spain figures. Standard & Poor's on Friday cut its credit ratings for five Spanish banks, including Bankia and its parent group BFA. It downgraded ...
    05/24/2012 - 11:49 pm | View Link
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BING SEARCH:
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    The 2008–present Spanish financial crisis, also known as the Great Recession in Spain or the Great Spanish Depression, began in 2008 during the world financial crisis of 2007–08.
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  • Today's Stock Market News and Analysis
    Get the latest news and analysis in the stock market today, including national and world stock market news, business news, financial news and more.
    04/14/2018 - 4:31 am | View Website
  • Run on nationalised Spanish bank sees customers withdraw ...
    Euro crisis: Run on nationalised Spanish bank sees customers withdraw €1BILLION... as French government slashes its own pay by 30%. Shares in Bankia, Spain's fourth largest bank, fall 27% after media reports
    05/17/2012 - 3:52 am | View Website
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