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 - 3:21 pm | 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 - 9:00 pm | View Link
  • Spain’s Bankia says sure of securing massive state bailout
    The new bailout will bring to 23.5 billion euros the total amount of the government’s rescue funding for the bank, which was formed in 2010 from a merger of seven troubled regional savings banks ... Poor’s on Friday downgraded Bankia to BB+, one ...
    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 ...
    05/26/2012 - 9:00 pm | View Link
  • Spain's Bankia sets out $24bn bailout plan
    The president of troubled Spanish bank, Bankia, says he is confident of receiving 19 billion euros ($23.8bn ... day as credit rating agency Standard & Poor's downgraded Bankia and four other Spanish banks to junk status because of uncertainty over their ...
    05/26/2012 - 9:08 am | View Link
  • More
BING SEARCH:
  • IFR e
    IFR Awards 2014: Call for entries. We invite banks to pitch now for the IFR Awards and IFR Americas Awards 2014. In order to help with our selection, banks and ...
    09/21/2014 - 2:15 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
    09/21/2014 - 11:52 am | View Website
  • 2008–14 Spanish financial crisis
    The residential real estate bubble in Spain saw real estate prices rise 200% from 1996 to 2007. € 651 billion is the current mortgage debt (second quarter 2005) of ...
    09/21/2014 - 5:04 am | View Website
  • International News | World News
    Get the latest international news and events from Asia, Europe, the Middle East, and more. See world news photos and videos at ABCNews
    09/21/2014 - 2:26 am | View Website
  • Business News, Personal Finance and Money News
    Find the latest business news on Wall Street, jobs and the economy, the housing market, personal finance and money investments and much more on ABC News
    09/20/2014 - 4:53 pm | 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