Welcome to DU!
The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards.
Join the community:
Create a free account
Support DU (and get rid of ads!):
Become a Star Member
Latest Breaking News
Editorials & Other Articles
General Discussion
The DU Lounge
All Forums
Issue Forums
Culture Forums
Alliance Forums
Region Forums
Support Forums
Help & Search
http://www.bbc.co.uk/news/business-20851106
Many ordinary Spaniards are angry at the loss of the savings they had invested in Bankia
Shares in Bankia have slid almost 14% after Spain's bank rescue fund said the troubled lender had a negative value of minus 4.2bn euros (£3.4bn; $5.6bn).
Bankia's parent company, BFA, which is being bailed out, was deemed to be worth minus 10.4bn euros.
The assessments suggest losses on bad loans are even worse than expected.
The bailout fund said that a further 13.5bn euros of rescue money would have to be injected into BFA, on top of the 4.5bn provided by Madrid in September.
Many ordinary Spaniards are angry at the loss of the savings they had invested in Bankia
Shares in Bankia have slid almost 14% after Spain's bank rescue fund said the troubled lender had a negative value of minus 4.2bn euros (£3.4bn; $5.6bn).
Bankia's parent company, BFA, which is being bailed out, was deemed to be worth minus 10.4bn euros.
The assessments suggest losses on bad loans are even worse than expected.
The bailout fund said that a further 13.5bn euros of rescue money would have to be injected into BFA, on top of the 4.5bn provided by Madrid in September.
Edit history
Please sign in to view edit histories.
Recommendations
0 members have recommended this reply (displayed in chronological order):
47 replies
= new reply since forum marked as read
= new reply since forum marked as read