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:
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    The country's government will borrow as much as 100 billion euros ($123 billion ... t solve anything right away,” she added. Spanish banks, such as Banco Popular Español SA (POP), off 7.1%, and Bankia SA (BKIA) 8.7% lower, attracted market attention ...
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  • Spain joins ‘the Group of Debt’
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  • Eurozone crisis live: Fitch hits Spain with 3-notch downgrade
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  • Euro zone agrees to lend Spain up to 100 billion euros
    "The loan amount must cover estimated capital requirements with an additional safety margin, estimated as summing up to 100 billion euros ... banks that lent recklessly to property developers. Spain's biggest failed bank, Bankia, will cost 23.5 billion ...
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  • More bad news for Spain: Five banks downgraded
    Bankia, one of the downgraded banks, has just asked the government for 19 billion euros in aid, or roughly $23.8 billion boost. Analysts worry that economies and markets now are so intertwined that the emerging slowdown will further weaken economic ...
    05/26/2012 - 9:00 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 ...
    05/25/2012 - 8:19 am | View Link
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