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.
Similar Stories to Spain: 5 Banks Downgraded, Bankia Seeks 19 Billion Euros In Aid on Bing News
By Tiffany Hsu, Los Angeles Times: Business
Fri, 05/25/2012 - 12:17pm
BING NEWS:
- Platinum Is Said to Consider €6 Billion Sale of Spain’s Urbaser
Investment firm Platinum Equity is considering a potential sale of Urbaser SA in a deal that could value the Spanish waste-management company at €6 billion ($6.4 billion) or more including debt ...
04/11/2024 - 9:49 pm | View Link - ANALYSIS-Spain's battle of the banks as BBVA narrows gap to Santander
BBVA narrows value gap with rival Santander * Shares gain since U.S. exit, Mexico business boost * Rivalry shows how investors reward banks in high-rate era * CFO says Santander will flourish as rates ...
03/25/2024 - 6:33 am | View Link - More
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