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   
  • Spain's Andalucia seeks 1 billion euro lifeline from Madrid
    MADRID (Reuters) - Andalucia requested a 1 billion euro ($ ... package worth up to 100 billion euros for its banks. The regions have been unable to raise money on bond markets, with many having seen their credit rating downgraded to junk status.
    09/2/2012 - 1:00 pm | View Link
  • 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 ...
    06/26/2012 - 1:32 am | View Link
  • Spain's banks, government co-dependent on debt
    Moody's Investor Service late Monday downgraded ... Bankia, SA, which crumbled under the weight of bad real estate loans and was recently nationalized, holds almost €17 billion in state debt, or 5.5 percent of its total assets. It is one of several big ...
    06/24/2012 - 1:00 pm | View Link
  • Preparations underway for Spain bank bailout
    The euro zone bailout fund, the European Financial Stability Facility (EFSF), has sufficient capital to meet Spain’s immediate requirements to capitalise the distressed banks ... of last month 19 billion euros to avert bankruptcy. Bankia had already ...
    06/9/2012 - 6:24 am | 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.
    05/25/2012 - 3:13 pm | View Link
  • More
  • Bankia
    Bankia (Spanish pronunciation: ) is a Spanish bank that was formed in December 2010, consolidating the operations of seven regional savings banks. Formerly a private ...
    04/23/2017 - 1:46 am | View Website
  • 2008–16 Spanish financial crisis
    The 2008–present Spanish financial crisis, also known as the Great Recession in Spain or the Great Spanish Depression began in 2008 during the world financial ...
    04/22/2017 - 1:00 pm | View Website
  • Gates of Vienna
    After being taken down twice by Blogger within a single week, we got the message: It’s Time To Go. Gates of Vienna has moved to a new address:
    04/21/2017 - 11:00 am | View Website
  • Cutting Through the Matrix with Alan Watt
    June 28, 2013 Alan Watt "Cutting Through The Matrix" LIVE on RBN: Poem Copyright Alan Watt June 28, 2013: Democracy Trending as Freedom is Ending:
    06/27/2013 - 7:56 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