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:
  • Investors flee Spain as financial crisis spirals
    At the centre of the banking storm, Bankia ... banks, CatalunyaCaixa, NovacaixaGalicia and Banco de Valencia, could need another 30 billion euros in public funds to meet new regulations. Yet another lender, Banco Popular, whose bonds have been downgraded ...
    07/17/2017 - 1:00 pm | View Link
  • Spain requests bank aid, Moody's downgrades banks
    Moody's downgraded the ratings ... four nationalized banks - Bankia, CatalunyaCaixa, NovaGalicia and Banco de Valencia - will get the bulk of the aid. These banks could need a cash injection of around 40 billion euros as soon as July, the sources said.
    06/25/2012 - 7:56 am | View Link
  • Spain enters danger zone as yields near 7%
    Demonstrators shout slogans in front of a Bankia bank branch during a demonstration ... to ask last week for a European Union bailout of up to 100 billion euros ($125 billion) to shore up its banks. The mix of bad news helped send Spanish borrowing costs ...
    06/13/2012 - 8:51 pm | View Link
  • Spain Just Gave Us a Glimpse Into the True State of the EU Banking System
    I am of course referring to the Bankia ... 15 billion euros. Last year many of the regions financed debt by falling months or even years behind in payments to providers such as street cleaners and hospital equipment suppliers. Both governments and banks ...
    05/30/2012 - 1:00 pm | View Link
  • More bad news for Spain: Five banks downgraded
    Standard & Poor's has slashed the credit ratings of five banks and said the country is headed into a double-dip recession. Bankia, one of the downgraded banks, has just asked the government for 19 billion euros ... CA (Catholic Online) - The event makes ...
    05/26/2012 - 1:00 pm | View Link
  • More
BING SEARCH:
  • Bankia
    The government had already spent 4.5 billion euros to prop up Bankia, ... Standard & Poor's downgraded its rating of Bankia's ... Spain sold a 7.5% stake in Bankia ...
    07/17/2017 - 7:22 am | View Website
  • Spain's Bankia seeks record bailout of ?19 bn
    Spain's fourth-biggest bank, Bankia, said Friday it will ask the government for 19 billion euros ($24 billion) in the largest bank bailout in the country's history ...
    07/10/2017 - 3:49 am | View Website
  • Spain: 5 banks downgraded, Bankia seeks 19 billion euros ...
    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 ...
    07/8/2017 - 2:18 am | View Website
  • Spanish Lender Seeks $24 Billion Bailout; Ratings Cut on 5 ...
    ... downgraded Bankia and two other banks, ... This month he told them to add another 30 billion euros. Shortly after Spain ... Spanish Bank Seeks ...
    08/22/2014 - 3:09 am | View Website
  • 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 ...
    05/26/2012 - 7:55 pm | View Website
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