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   
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    05/28/2012 - 5:42 am | 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 ...
    05/27/2012 - 4:17 pm | View Link
  • Spain’s bank seeks record bailout of 19 billion euros
    MADRID, May 26: Spain’s fourth-biggest bank, Bankia, said on Friday it will ask the government for 19 billion euros ($24 billion ... ratings for five Spanish banks, including Bankia and its parent group BFA. It downgraded Bankia to BB+, one notch ...
    05/26/2012 - 4:50 pm | View Link
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    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 - 9:00 pm | View Link
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