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, U.S. data drag on Europe stocks
    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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  • Preparations underway for Spain bank bailout
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  • 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
  • Spain's Bankia seeks 19bn-euro bailout from government
    Spain's fourth-largest bank, Bankia, has asked the government for a bailout worth 19bns euros ($24bn ... Spain's credit 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.
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  • 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 - 8:18 am | View Link
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