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, 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 - 1:00 pm | View Link
  • Spain bank crisis widens; lender seeks bigger bailout
    MADRID -- Spain's banking crisis worsened Friday as the board of Bankia, the country's biggest mortgage lender, warned that a bailout would cost 23.5 billion euros ($23.88 ... ratings agency, downgraded Bankia and two other banks, Banco Popular and ...
    05/25/2012 - 5:05 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
  • More
BING SEARCH:
  • IFR e
    Providing global capital markets intelligence. Also editorials on all aspects of capital markets activity – debt, equities, derivatives, bonds, and loans.
    07/23/2014 - 4:42 am | View Website
  • Bankia
    Bankia is a Spanish banking conglomerate that was formed in December 2010, consolidating the operations of seven regional savings banks. As of 2012, Bankia is the ...
    07/22/2014 - 3:06 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
    07/22/2014 - 7:42 am | View Website
  • Latest News Headlines
    Find all the latest news headlines in the stock market today features general financial news, forex news, options news, and more.
    07/22/2014 - 4:29 am | View Website
  • TT-Total | Home
    Глубинный охват 46 секторов в 30 странах на основании более чем тысячи источников.
    07/22/2014 - 3:31 am | 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