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
    Spain asked euro region governments for a bailout worth as much as 100 billion euros ($125 billion ... 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 ...
    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
  • 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 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 - 5:11 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 - 9:00 pm | View Link
  • More
BING SEARCH:
  • 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
    12/18/2014 - 1:46 pm | 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 ...
    12/18/2014 - 1:18 pm | 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
    12/18/2014 - 6:30 am | View Website
  • European Sovereign Debt Crisis: Overview, Analysis, and ...
    Hello Jason, I’ve read a lot of articles related to the EU debt crisis causes and effects, and “European Sovereign Debt Crisis: Overview, Analysis, and Timeline ...
    12/18/2014 - 2:48 am | View Website
  • FX Comparison – Forex Trading – Forex News – forex
    FX Comparison – Forex Trading – Forex News – forex FX Comparison breaking forex news, The latest FX news and analysis,. We provide valuable information
    12/17/2014 - 7:17 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