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354 News results found for 'Bankia'
- Spain to sell 7% of state-owned lender Bankia - Tue 12th Dec 2017
Spain’s bank bailout fund plans to sell about 7,0% of state-owned lender Bankia and has hired UBS, Deutsche Bank and Morgan Stanley to manage the sale, a source with knowledge of the situation told Reuters on Monday. ... more - Former Spanish economy minister Rodrigo Rato ordered to stand trial for fraud - Sat 18th Nov 2017
A Spanish court has ordered that former IMF Head and former Spanish Economy Minister, Rodrigo Rato, will have to stand trial for fraud. This follows the failed 2011 listing of Bankia, which he led and which later needed ... more - Spain's bank bailout fund FROB books loss of 1.7 bln euros in 2016 - Fri 30th Jun 2017
Spain's bank bailout fund FROB said on Friday it had booked a loss of around 1.7 billion euros in 2016, compared to 1.5 billion a year earlier, due to a valuation cut of its state-controlled lenders BFA-Bankia and BMN ... more - Bankia, BMN merger expected in a few weeks - Tue 20th Jun 2017
A merger between the state-owned banks Bankia and Banco Mar Nostrum (BMN) will take place in a few weeks, Spanish Economy Minister Luis de Guindos said on Tuesday ... more - Spain court dismisses former Banco Popular chairman's severance claim - Sat 17th Jun 2017
A Spanish court has dismissed a severance claim by the former chairman of rescued lender Banco Popular, Angel Ron, after ruling that he was serving as an external contractor rather than an employee when he was ousted in ... more - A call to end ‘scandal and corruption’ in Spain - Mon 22th May 2017
The Chair of Transparency International, José Ugaz, has urged the Spanish Government to act immediately in order to stop grand corruption scandals and end systemic corruption ... more - Santander or Bankia viewed as likely saviors for Spain's Popular - Sat 20th May 2017
Spain's biggest bank Santander or state-owned lender Bankia are most likely to step in to save troubled Banco Popular, sources familiar with the talks told Reuters, although a deal is still far from guaranteed ... more - Spain's Economy Minister says Bankia is looking at Popular merger - Tue 16th May 2017
Spain's economy minister on Tuesday said state-owned Bankia was analyzing a potential merger with Banco Popular, along with other banks that had also shown interest in the troubled lender ... more - Spain gives go-ahead to merging state-owned Bankia and BMN - Wed 15th Mar 2017
Spain gave the green light to merger talks between Bankia and Banco Mare Nostrum (BMN) on Wednesday as it seeks to claw back public money used to rescue the banks in 2012 ... more - Spain targeting seat on ECB's executive board next year: economy minister - Mon 13th Mar 2017
Spain's Economy Minister said on Monday he was "convinced" that Spain would have a seat on the European Central Bank's six-person executive board next year ... more - Bank of Spain backs its officials over doomed Bankia listing - Wed 15th Feb 2017
The Bank of Spain said on Tuesday its staff had acted correctly in their oversight of Bankia (BKIA.MC) and its ill-fated stock market listing, after a court said it would investigate several former officials at the central ... more - Bank of Spain says three officials to resign over Bankia IPO case - Tue 14th Feb 2017
The Bank of Spain said on Monday that three officials would resign after the Spanish High Court named them on Monday as suspects in an investigation into Bankia's disputed flotation in 2011 ... more - Ex-Bank of Spain head faces probe on Bankia IPO, three officials resign - Mon 13th Feb 2017
The Bank of Spain's former head and seven other Spanish regulatory officials will be placed under investigation over their roles in the ill-fated listing of the now state-controlled bank Bankia (BKIA.MC), a court ruled on ... more - Ex-IMF chief evaded €6.8 million, says Spanish Tax Agency - Wed 8th Feb 2017
Rodrigo Rato, a veteran Spanish politician who served as an International Monetary Fund (IMF) chief and senior government official with the governing Popular Party (PP), evaded €6.8 million in taxes between 2004 and 2015, ... more - Spanish bank count 3 billion euro cost of mortgage refunds - Mon 23rd Jan 2017
Spain's biggest banks face a hit of more than EU3 Bln to reimburse mortgage customers following a new law, provisions released by lenders on Monday showed ... more - Spanish bank bailout cost taxpayers €41.8 billion - Wed 11th Jan 2017
Up until December 2015, the cost of restructuring Spain’s bankrupt savings banks had totaled €60.7 billion, of which nearly €41.8 billion was put up by the state through the Orderly Bank Restructuring Fund (FROB) and the ... more - If you have a mortgage in Spain you could be eligible for a refund - Mon 9th Jan 2017
In December 2015, Spain’s Supreme Court ruled that mortgage clauses introduced by Banco Popular and BBVA that forced borrowers to pay for all fees associated with taking out the home loans were abusive. Instead, the court ... more - Spanish taxpayer to foot €5 billion bill for failed privately run toll roads - Tue 13th Dec 2016
Spanish taxpayers will pick up the tab when the government nationalizes nine loss-making privately managed toll roads, Public Works Minister Íñigo de la Serna said on Monday. The announcement follows more than two years of ... more - Spain’s six leading banks all set to pass the EU’s stress tests - Thu 28th Jul 2016
The six Spanish banks included in the 2016 EU-wide stress tests conducted by the European Banking Authority (EBA) will easily pass the examination, financial sources have revealed ... more - Bankia says fulfilled compensation claims worth EU358 Mln - Tue 15th Mar 2016
Spain's state-owned Bankia has compensated 61% of the 125,415 claims from minority shareholders who bought into its ill-fated listing, its chairman told shareholders on Tuesday ... more - Spanish royals sent sympathy texts to exec involved in credit card scandal - Mon 14th Mar 2016
King Felipe VI and Queen Letizia of Spain sent private messages of support to a businessman caught up in a Madrid savings bank scandal involving secret credit cards for executives, the online daily eldiario.es has reported ... more - Spain may compensate Bankia shareholders after flotation fraud claims - Fri 5th Feb 2016
Spain is considering compensating more than 300,000 small shareholders in lender Bankia over allegations of fraud after they bought into the bank's listing a year before it was nationalised, the deputy economy minister said ... more - Spain's BBVA Q4 net profit up 36% - Wed 3rd Feb 2016
Spain's second-biggest bank BBVA on Wednesday posted a 36.4% rise in net profit in the fourth quarter, helped by lower provisions against bad loans and a slowly recovering business which also lifted the lender's capital ... more - Bad debt drop lifts Spain's Bankia, legal bill looms - Mon 1st Feb 2016
Falling bad debt charges enabled Spain's bailed-out Bankia to post a near 40% rise in net profit for 2015, although a rising legal bill linked to its troubled flotation is clouding its outlook. ... more - Ex-IMF chief Rato faces trial over Spanish credit card use - Mon 1st Feb 2016
Spain's High Court said on Monday it would open a trial against former IMF chief Rodrigo Rato and dozens of other people alleged to have misused credit cards for personal expenses while at Spanish lender Bankia ... more - Supreme Court orders Bankia to refund investors - Wed 27th Jan 2016
In a decision that could affect tens of thousands of small investors in Spain, the Supreme Court has ruled that Spanish lender Bankia has to return the money spent by two citizens on preferred shares ... more - Prosecutors seek four-and-a-half years for ex-IMF chief over “black” cards - Thu 14th Jan 2016
The Anti-corruption Attorney’s Office wants former government official and IMF chief Rodrigo Rato to serve four-and-a-half years in prison over the case involving undeclared credit cards at the Caja Madrid and Bankia banks ... more - EU calls on next Spanish government to extend economic reforms - Mon 7th Dec 2015
Less than 2 weeks ahead of Spain’s general election, the European Commission has given its broad support to the policies carried out by the government of PM Mariano Rajoy over the last 4 years ... more - Three Portguese banks face possible €55m loss in Spain - Fri 4th Dec 2015
Three Portuguese banks, Novo Banco, BPI and Caixa Geral de Depósitos together have an exposure of €75 million to the Spanish renewable energy company Abengoa that could possibly collapse ... more - Spanish economic growth improved from Q3 in October - Sun 22th Nov 2015
Spain's economic output picked up in October from the third quarter, when it posted one of the fastest growth rates in the euro zone, Economy Minister Luis de Guindos said in a newspaper interview published on Sunday ... more - Madrid court freezes assets of former IMF chief Rato - Thu 24th Sep 2015
A Madrid court investigating former IMF chief Rodrigo Rato for alleged tax fraud on Thursday said it had frozen some of his assets after he failed to deposit funds to cover possible liabilities ... more - Spain's Santander seeks to sell package of unpaid mortgages - Wed 8th Jul 2015
Spain's biggest bank Santander has hired consultants PricewaterhouseCoopers to help it sell a package of soured home loans worth just under EU800 Mln, a source with knowledge of the deal said ... more - Spain hires Barclays to advise on listing of rescued bank BMN - Wed 8th Jul 2015
Spain's bank restructuring fund, which oversees the state's holdings in bailed-out lenders, has hired Barclays to advise it on the stock market listing of rescued bank BMN, two sources with knowledge of the matter said on ... more - Rato accused of giving children €2.5m to avoid bond - Thu 28th May 2015
State prosecutors believe that former IMF chief and veteran Popular Party (PP) official Rodrigo Rato, who is under scrutiny for tax fraud and other crimes, gave his children company shares worth €2.5 million in order to ... more - Spain Bankia plans sale of real estate portfolio worth EU4.8 bln - Wed 6th May 2015
Spain's state-rescued lender Bankia has appointed Credit Suisse and KPMG to find institutional investors interested in its EU.8 Bln real estate portfolio, a spokesman for the bank said on Wednesday ... more - Spain's Bankia Q1 net profit up 12.8 pct - Mon 27th Apr 2015
Spain's state-rescued lender Bankia posted a forecast-beating 12.8% rise in Q1 net profit on Monday, though the bank's margins disappointed investors and sent the shares down more than 2% ... more - Spain's PP seen losing Valencia seats in Elections - Mon 20th Apr 2015
Voters in Spain's Valencia region, a bastion of conservatism for two decades, are likely to desert PM Mariano Rajoy's party in droves in May's regional election, a poll published yesterday found, in a taste of nationwide ... more - And the Winner of Spain's 'Worst Company 2014' Award is .... - Wed 8th Apr 2015
Gilead - the pharmaceutical company producing Sovaldi, a revolutionary brand new medicine to treat Hepatitis C, has been chosen by consumers as 'The Worst Company of the Year 2014' ... more - Spain – France train operator fights to avoid bankruptcy - Mon 23rd Mar 2015
TP FERRO, the build-operate concessionaire for the international high-speed line between Figueres, Spain and Perpignan, France, has sought judicial protection in a final attempt to avoid bankruptcy proceedings ... more - Spain's Bankia to publish results on Saturday, without liability bill - Fri 27th Feb 2015
Spanish state-owned lender Bankia is to publish its results on Saturday, even as uncertainty remained unresolved over liabilities linked to its public listing which prompted a one-month delay in the earnings' publication ... more - Bankers “encouraged” to use 'Black' credit cards - Tue 17th Feb 2015
Ten former board members at failed lender Caja Madrid told a judge on Monday that ex-chairman Miguel Blesa was behind the use of undeclared corporate credit cards to rack up millions in personal expenses between 2003 and ... more - Judge sets €800m civil bond for former chiefs at Bankia - Fri 13th Feb 2015
A Spanish judge has set a bond of €800 million to cover potential civil liabilities for the former heads of savings bank Bankia, as part of an investigation into alleged wrongdoing during the creation and stock market debut ... more - Caja Madrid officials who used “black” cards targeted in investigation - Wed 28th Jan 2015
The High Court has named all the former officials at the Caja Madrid and Bankia banks who used "black credit cards" between 1999 and 2012 as formal targets in the corporate abuse investigation – a total of 78 people. ... more - Spain kicks off AENA share sale - Sun 25th Jan 2015
Spain has given the green light for the sale of a stake in airport group AENA, kicking off its biggest privatisation since 1997 and testing investor faith in the country's economic recovery in an election year ... more - Voting underway for Spain's worst company 2014 - Thu 1st Jan 2015
Spanish consumers can now suggest their nominees for The Worst Company 2014. ... more - Caja Madrid board "Paid an extra €15 Mln" : Audit - Wed 31st Dec 2014
Board members at failed Spanish savings bank Caja Madrid were paid nearly €15 million more than what they should have received during the years when Miguel Blesa served as chairman (2007-2010), according to an audit that has ... more - 10 Spanish Banks Reported for Illegal Fees - Fri 19th Dec 2014
Spanish Consumer Association FACUA has reported 10 banks for charging fees on accounts used exclusively to pay mortgages or loans. ... more - Former managers of Spain's bailed-out CCM bank to face trial - Tue 16th Dec 2014
Spain's High Court on Tuesday said it would try two ex-managers of bailed-out Caja Castilla La Mancha (CCM), a small former savings bank whose massive state rescue in 2009 marked the start of a crippling financial crisis ... more - Bank of Spain defends oversight of Bankia after IPO probe - Thu 11th Dec 2014
The Spanish central bank said on Thursday that it oversaw "credit entities based on the information elaborated by the banks themselves and taking into account the economic data available." ... more - Former Bankia chief denies wrongdoing in flotation of lender - Sat 6th Dec 2014
There was no intention to mislead anyone, nor was there any possibility that we could have misled anyone." That was how the former chairman of nationalized Spanish lender Bankia, Rodrigo Rato, answered accusations of fraud ... more - Spain's Santander ends contract with Rodrigo Rato - Sat 15th Nov 2014
Spain's Santander is disbanding its 12-strong international advisory board, a spokesman said on Friday, in a move that ends ex-IMF chief Rodrigo Rato's tenure at the bank and is the highest-profile decision yet from new boss ... more - Study Into Bank Charges in Spain - Sat 8th Nov 2014
A report by consumer action group FACUA has uncovered the worst culprits when it comes to hidden Bank charges in Spain ... more - Spain's bad bank outsources management of some property assets - Tue 4th Nov 2014
Spain's "bad bank", which houses soured property loans and housing taken off bailed-out lenders during the crisis, on Monday said it was outsourcing the management of some assets to a company owned by Banco Sabadell . ... more - Spain's ruling PP expels Rodrigo Rato - Tue 28th Oct 2014
Spain's Partido Popular has expelled ex-IMF head Rodrigo Rato following the investigation into his alleged misuse of company credit cards to supplement his personal spending, whilst working as the CEO of bailed-out Bankia. ... more - Spain's Bankia 9 month forecast up 93% - Sat 25th Oct 2014
Spanish nationalised lender Bankia on Friday reported a 93% surge in net profit in the nine months to Sept. 30 from a year ago, boosted by cost-cutting, capital gains from stake sales and lower provisions as bad loans came ... more - Spanish court orders ex-bankers to deposit millions of euros - Fri 17th Oct 2014
Spain's High Court on Thursday gave two former senior executives at bailed-out lender Bankia and its predecessor Caja Madrid three days to hand over several million euros as it investigates the alleged misuse of company ... more - Spain's Bankia sells credit portfolio worth EU335 Mln - Thu 9th Oct 2014
Spain's Bankia on Thursday said it had sold a portfolio of credits related to real estate assets worth EU335 Mln. ... more - Spain approves EU1.4 bln compensation for gas plant closure - Fri 3rd Oct 2014
The Spanish government approved payment of EU1.4 Bln in compensation to the owners of offshore gas facility Castor, built to store 30% of Spain's daily gas consumption and shut last year after minor earthquakes in the area. ... more - Spain probes ex-bank directors suspected of misusing company credit cards - Thu 2th Oct 2014
Spanish authorities are investigating dozens of former executives and board members of former Spanish savings bank Caja Madrid over the alleged use of company credit cards for personal expenses such as clothing, food and ... more - Ryanair eyes stake in Spanish Airports listing - Fri 29th Aug 2014
The partial privatisation of Spanish airports operator AENA should see its shares list on the stock market in late November with a small tranche reserved for the public - a litmus test for domestic investor faith in an ... more - Bankia's profit jumps as Spain's economy picks up, bad debts fall - Mon 28th Jul 2014
Bankia nearly doubled its second-quarter net profit as Spain's economic recovery helped the bailed-out bank to increase margins and bad debts fell for a 2nd straight quarter ... more - Spain's Caixabank bad debts fall as recovery takes hold - Fri 25th Jul 2014
Spain's Caixabank said lending income continued to grow in the second quarter and bad debts fell again, as an improving economy spurs a turnaround in the country's banking sector ... more - BBVA to buy Spain's nationalized Catalunya Banc - Mon 21st Jul 2014
Spain will sell nationalized Catalunya Banc, one of the last lenders still in state hands after the financial crisis, to the country's 2nd-biggest bank BBVA, 2 sources with knowledge of the deal said on Monday ... more - Spain Needs More Austerity Says IMF - Thu 10th Jul 2014
The International Monetary Fund has said Spain will need to introduce MORE austerity to increase revenues and offset its proposed tax cuts announced last month ... more - Spain's Caixabank names new CEO - Tue 1st Jul 2014
Spain's CaixaBank said on Monday its board had agreed the departure of Chief Executive Officer Juan Maria Nin in a surprise move that marks the start of a new era for the acquisitive lender ... more - Spain's Bankia names new COO - Wed 25th Jun 2014
Spanish banking group Bankia said on Wednesday it had named Jose Sevilla its Chief Operating Officer, reporting to Chairman Jose Ignacio Goirigolzarri. ... more - Spain to take legal action against former Bank Managers - Tue 24th Jun 2014
Spain's FROB fund, which handles the government's stakes in bailed out lenders, said on Tuesday it is preparing to take legal action against several former savings bank managers concerning the financial crisis ... more - Soros bets on Spanish Bank - Thu 19th Jun 2014
George Soros bought just under 1% of small Spanish lender Liberbank during its recent rights issue, a source familiar with the deal said on Thursday, the latest investment by the U.S. billionaire in the country's recovering ... more - Spain's Cajamar draws foreign suitors for property unit - Mon 9th Jun 2014
Spanish cooperative banking group Cajamar is in talks to sell its property management unit to U.S. investment firms, a source familiar with the matter said on Monday, as foreign buyers increase their control of the country's ... more - Spain to start auction of nationalised lender Catalunya Banc - Mon 2th Jun 2014
Spain's bank restructuring fund FROB on Monday said it had agreed to start the sale process of nationalised lender Catalunya Banc, the third attempt to return it to private hands ... more - Bankia Nominated Spain's Worst Company & Worst Advert 2014 - Sun 1st Jun 2014
Spanish Consumer Association FACUA has named Bankia as the winner of the "Worst Advert of the Year" award again ... more - Spanish court makes first conviction of bankers since start of crisis - Sun 1st Jun 2014
For the first time since the economic crisis began, a group of bankers has been found guilty of financial crimes in Spain. ... more - EU Questions Spain's Tax Plan to Bolster Banking Capital - Mon 19th May 2014
Eurostat, the EU statistics agency, plans to meet Spanish officials to discuss the government's decision to guarantee about €30 bln of deferred tax assets for banks to bolster their capital, a person familiar with the matter ... more - Spain mulls state aid formulas to smoothe Catalunya Banc sale - Fri 16th May 2014
Spain will relaunch the sale of bailed-out lender Catalunya Banc next week after two failed auctions, sources close to the process said, and may include state support to spare the bank more losses and make it more attractive ... more - Spain's bailed-out Bankia posts bad debt turnaround - Mon 28th Apr 2014
Spain's biggest bailed-out lender Bankia on Monday said bad debts fell in the first quarter of the year, while net earnings on loans grew 36% from a year ago, after a major restructuring ... more - Spain's Bankia starts sale of Iberdrola stake - Wed 9th Apr 2014
Spain's biggest state-owned lender Bankia said on Wednesday it had given UBS and Citigroup a mandate to sell its entire 4.94% holding in Spanish utility Iberdrola, one of its last remaining corporate stakes ... more - Spain's "bad bank" to seek managers for €50 bln in assets - Tue 8th Apr 2014
Spain's "bad bank", created to clean up the financial sector, will shortly put contracts out to tender for the management of its €50 bln of troubled real estate loans and properties, an executive at the vehicle said. ... more - Rescued Spanish bank BMN eyes stock market sale from 2015 - Wed 2th Apr 2014
State-backed Spanish lender Banco Mare Nostrum (BMN) will start working on a stock market listing next year, joining other banks that are trying to repay taxpayers' money ... more - Spain's Catalunya Banc returns to profit ahead of privatisation - Wed 26th Mar 2014
Spain's nationalised Catalunya Banc, which the state is likely to try and auction off this year, said on Wednesday it had swung back into profit in 2013 and was selling its property management unit, some offices and soured ... more - Spain's Liberbank plans €500 mln share offer to repay state aid - Wed 26th Mar 2014
Spanish lender Liberbank , which needed help during the financial crisis, said on Wednesday it was planning a €500 mln rights issue share offer ... more - Spain proposes €2.3 bln rescue of failed motorways - Tue 25th Mar 2014
Spain has proposed a €2.3 bln rescue of nine failed motorways, two sources with knowledge of the matter said on Tuesday, in the latest state bail-out linked to the excesses of the country's property and construction boom ... more - Spain's bailed-out Bankia plans shareholder payout next year - Fri 21st Mar 2014
Spain's bailed-out Bankia aims to pay a dividend next year, allowing the state to recoup more of the billions of euros taxpayers poured into the bank and helping to compensate thousands of small investors who lost money ... more - Spain's Rescued Banks Facing Claims on €3.1 bln Debts - Wed 19th Mar 2014
Arbitrators appointed by the Spanish government are considering claims that might leave rescued lenders Bankia, NCG Banco and Catalunya Banc liable to pay compensation to individual investors who bought as much as €3.1 bln ... more - Spain sees 42-percent spike in mortgage defaults - Sat 15th Mar 2014
It used to be that Spaniards would stop paying all their other bills before defaulting on their mortgage payments. But after 7 years of crisis, that is no longer the case ... more - Spain's Catalunya Banc selling property unit - Thu 13th Mar 2014
Spain's Catalunya Banc is making a second attempt to sell its property management division, 5 sources familiar with the deal said, as the nationalised lender seeks to get into better shape ahead of its eventual privatisation ... more - Two bank executives win court battle over compensation - Tue 11th Mar 2014
A court has ruled that Adolf Todó, former chairman of savings bank Catalunya Banc, and his CEO Jaume Masana will each receive 600,000 euros for being fired without compensation by the state's bailout fund, the FROB ... more - Spain struggles to pull together multibillion euro highway bail-out - Sat 8th Mar 2014
The Spanish government is working against the clock to reach a deal with builders over a multibillion euro bail-out for nine bankrupt motorways which could directly hit the country's deficit ... more - Spain makes small profit on first Bankia stake sale - Fri 28th Feb 2014
Spain is making a €301 Mln profit on the sale of a 7.5% stake in Bankia, the lender's parent company BFA said, as the government started to return the country's biggest bailed-out bank to private ownership ... more - Spain to try former CAM executives over bank's collapse - Tue 18th Feb 2014
Spain's High Court is set to try two former senior executives at CAM, a small regional savings bank that needed a costly rescue, in one of the few investigations to make it to trial after the country's devastating financial ... more - Bankia sees 5-10% stake sale in first privatisation round - Sun 16th Feb 2014
Spain will probably begin the privatisation of bailed-out Bankia with the sale of a 5 - 10% stake to institutional investors, the bank's Chairman Jose Ignacio Goirigolzarri said in an interview published on Sunday ... more - Goldman Sachs to advise Spain on Bankia stake sale - Sat 15th Feb 2014
Spain's bank rescue fund FROB said on Friday it chose Goldman Sachs to advise it on the sale of part of the government's controlling stake in nationalised lender Bankia ... more - Further Reforms Needed to Secure European Jobs : De Guindos - Thu 13th Feb 2014
Europe needs to press ahead with labor and public pensions reforms and restore confidence in its banks if it wants to translate a fragile recovery into jobs, Spain's economy minister said on Thursday ... more - Spain Banks Ditch Debt in Pre-Stress Test Makeover - Mon 10th Feb 2014
Spanish lenders have sold down lucrative government bond holdings ahead of ECB stress tests, forcing them to think of ways to restore lost revenue ... more - Spain starts seeking Bankia privatisation advisers - Wed 5th Feb 2014
Spain's bank restructuring fund FROB is looking to hire at least one investment bank adviser shortly to help it steer a privatisation strategy for bailed-out lender Bankia, according to a FROB document obtained by Reuters ... more - Spain's Bankia shows revenue turnaround as losses fade - Mon 3rd Feb 2014
Spain's bailed-out Bankia closed out year-1 of its turnaround with better-than-expected net lending revenue in Q4, putting it on track for a stronger 2014 in which the state could start selling down its holding ... more - Spain to seek advisers on Bankia stake sale next week - Fri 31st Jan 2014
Spain will next week formally seek advisors to steer the sale of part of its 68% stake in bailed out lender Bankia, a spokeswoman for the country's bank restructuring fund FROB said on Friday ... more - Spain's Bankia Sells Assets - Fri 17th Jan 2014
Bailed-out Spanish lender Bankia on Friday booked a 64 million euro gain on the sale of its 12.6% stake in NH Hoteles, part of efforts to strengthen its capital ahead of European stress tests on banks this year ... more - Spain Prepares Imminent Sale of Bankia - Tue 14th Jan 2014
The Spanish government is considering selling part of its stake in bailed-out Bankia as soon as Q1 of this year, official and banking sources said, how to recoup part of the multi-billion euro rescue under favourable market ... more - Spain's CAM Bank Rescue to Cost €15 Bln - Tue 14th Jan 2014
Spain's 2011 bailout of savings bank Caja de Ahorros del Mediterraneo (CAM) may cost as much as €15 bn because its assets performed worse than expected, Economy Minister Luis de Guindos said ... more - Investors Go Mad For Bankia's Post-Bailout Bond Sale - Fri 10th Jan 2014
European investors wasted little time buying into Bankia's first public bond offering since its bailout, and have placed some EUR2.75bn of orders for the five-year offering which is expected to price later on Thursday. ... more - Santander Sells Spanish Property Unit - Fri 3rd Jan 2014
Banco Santander, Spain's biggest bank, sold its real-estate unit to Apollo (APO) Global Management LLC for €664 Mln ... more - Spain to take action against short sales in Bankia - Fri 20th Dec 2013
Hundreds of thousands of small shareholders lost their savings in the near collapse of Bankia and the Comision Nacional del Mercado de Valores (CNMV) watchdog has faced criticism for failing to protect them, including with ... more - Spain's SAREB to sell portfolio at 46% discount - Tue 3rd Dec 2013
Spain's bad bank will sell €437 Mln of loans taken by Realia Business to Fortress Investment Group for 46% less than their face value, 2 people with knowledge of the matter said ... more - Spain to Rescue Failing Toll Roads - Thu 28th Nov 2013
The Spanish government is nearing a deal with the country's main builders and banks to rescue up to nine bankrupt toll roads and take over debt worth up to €4 Bln, 4 sources with knowledge of the talks said ... more - SAREB tests demand for Spain rental investors - Wed 27th Nov 2013
Spain's bad bank (SAREB) is offering 7 rented residential blocks for sale in Madrid, Barcelona and Guadalajara, taking advantage of demand from international investors building rental-home businesses in the country ... more - Spain's Economy Is Main Risk for Nation's Banks - Mon 18th Nov 2013
Spain's economy is weighing on Spanish banks and is the "main risk factor" as lending shrinks and real estate prices fall, the EU said ... more - Spain opens offer period for NCG Banco - Mon 18th Nov 2013
Spain will take formal offers this week from potential buyers for nationalised bank NCG Banco, Economy Minister Luis de Guindos said in an interview on Spanish television TVE on Monday. He said there was plenty of interest ... more - Spain attracts China Airlines to Madrid-Barajas - Thu 7th Nov 2013
Spain is in talks with Asian airlines to bring more flights to Madrid's underused Barajas airport ahead of the planned privatisation of debt-laden airport operator AENA, its industry minister told Reuters ... more - Weak Spanish economy weighs on Bankia turnaround - Mon 28th Oct 2013
Spain's biggest bailed-out lender, Bankia, showed on Monday it was on track to meeting yearly profit targets after it was cleansed of its worst assets, although a weak economy is still hurting its net lending income ... more - Spain's 'Bad Bank' First Sale Disappoints - Fri 25th Oct 2013
Spain's bad bank failed to attract high enough bids in its first sale of commercial real estate and will cut the size of the portfolio being offered to make it easier to sell, according to 3 people familiar with the matter ... more - Gov't saves €950 Mln by early loan repayment - Sat 5th Oct 2013
The government has informed banks that it will be repaying three years ahead of schedule €12 billion it borrowed to create a fund last year to help regional and local governments pay off debts to service suppliers, sources ... more - Spain's SAREB close to big land sale - Sat 5th Oct 2013
Spain's "bad bank" is about to start its biggest sale so far of land taken over from bailed-out lenders, as property prices in some of the countries worst hit by the euro zone crisis show signs of recovery ... more - Foreign funds to buy Spanish property managers before market awakens - Wed 25th Sep 2013
Foreign investors are preparing bids for the property management units of several Spanish banks, hoping to break decisively into a real estate market that has brought few bargain housing deals for funds even after 5 years of ... more - Santander hires Ex-Bankia Chief Rato - Sat 21st Sep 2013
Banco Santander has hired Rodrigo Rato - who was chairman of Bankia shortly before it was nationalized - for its international advisory committee ... more - Spain gives €84.195 bln aid to financial sector in 2011 - Wed 11th Sep 2013
Spanish banks received a total of €84.195 billion of public aid in 2011 to combat the crisis affecting the sector, Spain's National Competition Commission reported on Tuesday ... more - El Corte Ingles in €3.8 billion debt refinancing deal - Mon 19th Aug 2013
Spanish department store El Corte Ingles, the country's largest privately held company, said on Monday it had reached a deal to refinance three quarters of its €5 billion debt ... more - Spain's banks face uphill battle despite dramatic profits boost - Mon 29th Jul 2013
The dramatic earnings turnaround boasted by four Spanish banks obscures the uphill battle they still face to contain bad debts, grow their businesses and increase shareholder value against the backdrop of one of Europe's ... more - Bad loans and lending income rise at La Caixa - Fri 26th Jul 2013
Lending income at La Caixa , Spain's 3rd-Largest banking group, rose in the first half after it bought several smaller banks, though the purchases also pushed up bad debts and it took a hit on refinanced loans ... more - Spain's Bankia and rivals see profit recovery - Thu 25th Jul 2013
A trio of Spanish banks, including bailed out lender Bankia, posted big jumps in first-half profits as trading gains and lower writedowns on property assets helped a partial recovery from their torrid time last year ... more - Confusion reigns with Spain's bad bank property assets - Fri 12th Jul 2013
Spain's so-called "bad bank" (SAREB) not only has to sell the soured property loans and unwanted housing it took on from the country's rescued lenders - it first has to find them ... more - Spain May Sanction Deloitte for Failure to Probe Bankia Assets - Wed 3rd Jul 2013
Spain started proceedings to sanction Deloitte SL and partner Francisco Celma Sanchez over their role as auditors of Bankia before it was nationalized last year ... more - Spain won't seek more EU funds to help bank sales - Tue 2th Jul 2013
At the end of Q1 CatalunyaBanc posted €12-billion losses for 2012 while northern-Spain based NCG Banco reported losses of €8 billion for the same period. This adds to a record €19.2-billion loss at Bankia reported earlier ... more - Spain lenders brace for tough year-end as new rules bite - Sun 30th Jun 2013
Spanish lenders are bracing for lower profits and dividends and a tougher funding environment under new rules meant to prepare them for pan-European supervision next year and avoid a repeat of last year's multi-billion-euro ... more - Bank of Spain urges Spanish lenders to curb cash dividends - Sat 29th Jun 2013
The Bank of Spain on Thursday urged Spanish lenders to limit 2013 cash dividends to the equivalent of 25% of annual profit in a move that may force the country's 2 largest banks to revise policies ... more - Spain resists pressure for swift moves on nationalized banks - Mon 24th Jun 2013
The Spanish Minister for the Economy said on today he would not be pushed into selling 2 nationalized banks too quickly or too cheaply as bankers press the government to act to resolve the lingering problems of its financial ... more - Report Reveals Commissions Charged by Banks in Spain - Mon 24th Jun 2013
The user profile used in the study is of a consumer who pays 6 bills by direct debit, carries out 7 payments with a debit card and at least 1 with credit card every month and makes 2 transfers, pays in 2 cheques and pays ... more - Former Caja Madrid Chairman to Leave Prison - Thu 20th Jun 2013
A Spanish judge allowed Miguel Blesa, the former chairman of savings bank Caja Madrid, to leave jail ... more - Rescued Bankia Offloads Alicante Properties - Fri 14th Jun 2013
Bankia Habitat, the real estate arm of state rescued Bankia is offloading around 40 properties in Alicante from as little as €12,000 the subsidiary announced ... more - Spain's Bankia set to tumble anew despite cash injection - Tue 28th May 2013
Shares in state-owned lender Bankia could slide another 30% despite a multi-billion-euro cash injection, analysts say, with little hope of a quick recovery as tough business conditions and a challenging restructuring plan ... more - Spain's PP local election landslide : 2 years on - Sat 25th May 2013
This past Thursday marked the 2 year anniversary since Spain held the regional and municipal elections, and resulted in the political landscape of the country changing overnight from red to blue. It also confirmed the fears ... more - Spanish regulator to probe Bankia share trading - Thu 23rd May 2013
Spain's stock market regulator on Thursday said it would investigate if the abnormally high volume of trading in nationalized lender Bankia shares during the day was in breach of market rules ... more - Night in the Cells for Spanish Banker - Sat 18th May 2013
The Spanish legal system has shown its resolve in punishing those responsible for the country's financial crisis this week by issuing a prison sentence on the former President of Caja Madrid. Even if just for 1 night. 65 ... more - Hunt for those at fault for Spain's bank crisis gains pace - Fri 17th May 2013
The arrest of a prominent former Spanish banker is raising hopes among campaigners that the hunt for those responsible for the problems inherited by Bankia and other failed lenders will deliver results ... more - Bankia lawsuit changes Spain's banking landscape - Thu 16th May 2013
The lawyer acting on behalf of a group of small shareholders suing the Bank of Spain over the flotation of failed bank Bankia in 2010 has explained how the "landmark" case is already affecting the behaviour of the country's ... more - Spain's FROB says replacing Catalunya Banc management - Fri 10th May 2013
Spain's bank restructuring fund FROB said on Friday that it was replacing the management at nationalised lender Catalunya Banc and would appoint Jose Carlos Pla as new chairman ... more - Spain banks' cleanup to enter new phase - Fri 10th May 2013
Spain's banking sector clean-up is about to enter a decisive new phase, with new rules forcing lenders to recognize yet more bad debts widely expected to be toughened up as time goes on ... more - Spanish court calls top bank chairmen in Bankia probe - Wed 8th May 2013
A Spanish court has called the chairmen of the country's top three banks to testify as witnesses in an investigation into the 2011 initial public offering of lender Bankia, which later had to be bailed out by the taxpayer ... more - Sabadell follows Lloyds deal with insurer stake - Fri 3rd May 2013
Sabadell said on Friday it was taking full control of life insurer Mediterraneo Vida by buying a stake from Dutch firm Aegon, as banking reforms put an end to once-popular insurance joint ventures in Spain ... more - Spain's state-owned banks lost €42 billion in 2012 - Tue 30th Apr 2013
Spain's 4 nationalised lenders reported a combined loss of €42 billion in 2012 after booking provisions to cover bad investments in real estate ... more - Banco NovaCaixa Galicia sees €8.2 bln loss in 2012 - Tue 30th Apr 2013
Spain's nationalised lender NCG Banco on Tuesday posted an €8-billion loss for 2012 after booking provisions worth €8.2 billion to cover bad investments in real estate assets ... more - BFA to invest €275 Mln on Bankia shares - Sun 28th Apr 2013
Spanish state-owned banking group BFA has pledged to spend up to €275 million on buying new shares to be issued by subsidiary lender Bankia next month ... more - Bankia seen in profit despite economic woes - Wed 24th Apr 2013
Spain's biggest bailed-out lender Bankia should show the first fruits of a painful clean-up later on Wednesday, when it is expected to post a return to profit even as bad debts stay high and a recession weighs on revenues ... more - Holders of Bankia hybrid instruments take huge hit - Thu 18th Apr 2013
Bankia, the amalgam of seven savings banks led by Caja Madrid, was taken over by the FROB in May of last year after coming unstuck because of its exposure to the ailing property sector. In the case of preferred shares ... more - SMEs spell big problems for Italy and Spain - Thu 28th Mar 2013
Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditch bailout this week ... more - Spain's Liberbank set for May listing - Wed 27th Mar 2013
Spanish lender Liberbank said it will list shares on the stock exchange in May, in what will be a test of the progress made by Spain in overhauling its financial sector ... more - Bankia plummets after new share valuation - Mon 25th Mar 2013
Shares in Spain's largest rescued lender Bankia dropped 41.04% to €0.148 shortly after opening on Monday after the country's bank restructuring fund valued them at €0.01 on Friday night ... more - Spain Values Bankia Shares at 1 Cent - Fri 22th Mar 2013
Spain cut the nominal value of Bankia shares to 1 cent from €2 in a debt swap that will practically wipe out existing stockholders in the nationalized lender ... more - SAREB submits revised business plan - Thu 21st Mar 2013
Spain's bad bank SAREB announced a slightly lower-than-expected return on equity in a new business plan approved on Wednesday for the entity's 15-year lifespan ... more - Cyprus Euro exit "Not on the table" : De Guindos - Tue 19th Mar 2013
The possibility of Cyprus exiting from the euro zone is not under consideration, Spain's Economy Minister Luis de Guindos said on Tuesday ... more - Suspending Catalunya Banc sale "Negative" : Moody's - Tue 12th Mar 2013
Spain's decision to suspend the sale of the nationalized lender Catalunya Banc is negative for the country's banks because it shows a dearth of belief in the clean-up process, Moody's Investors Service said ... more - Spain in talks to rescue struggling toll roads - Mon 11th Mar 2013
Spain is trying to find a way to rescue 10 financially-troubled toll road concessions without adding to the country's budget deficit, a transport sector source with knowledge of the situation said on Monday ... more - Spain will not merge nationalised banks - Mon 11th Mar 2013
Spain's Minister for the Economy, Luis de Guindos, has rejected merging the country's 3 fully nationalised banks after an auction attempt failed, and as the government seeks a way to privatise them by an EU-imposed deadline ... more - Spain mulls merger of Catalunya Banc and Bankia - Tue 5th Mar 2013
Spain is mulling a full or partial merger of nationalised lenders Bankia and Catalunya Banc to minimise the cost for taxpayers of maintaining the 2 banks, 3 sources with knowledge of the matter said ... more - EU sticks to minimal Bankia share valuation - Tue 5th Mar 2013
EU regulators will order shares of Spain's Bankia be valued at just €0.01 each, a European Commission source said, meaning shareholders including thousands of ordinary Spaniards will be hit hard in a debt-for-equity swap to ... more - Spanish Blue-Chip Company profits at 10 year lows - Sat 2th Mar 2013
The earnings of the companies that make up the blue-chip Ibex 35 index last year fell to their lowest level since 2002 as the domestic economy slipped back into recession for the 2nd time in4 years ... more - Bankia shows recovery signs after record loss - Thu 28th Feb 2013
Rescued Spanish lender Bankia reported tentative signs of recovery, even as huge writedowns on bad property assets led it to post the country's biggest ever corporate loss of €19.2 billion ... more - Spain in stand-off with Europe over Bankia valuation - Wed 27th Feb 2013
Spain is at odds with the European Commission over how much shareholders will lose in a rescue of nationalised lender Bankia, sources familiar with the talks said, delaying the next phase of its bailout ... more - Spain no nearer bailout after Italy vote - Wed 27th Feb 2013
Spain is no closer to seeking bond-buying help from the ECB than it was before Italy's election, which has triggered renewed market turmoil, Economy Minister Luis de Guindos said on Tuesday ... more - Risks to Spain's Banking System Remain High : EC report - Fri 22th Feb 2013
Spain must keep up the pace of banking reform as risks to the industry and the wider economy "remain high," according to the European Commission ... more - Caixabank planning huge job losses - Wed 20th Feb 2013
Caixabank is planning significant job cuts, union and bank sources said today, after a media report that the country's 3rd largest lender was planning 4,000 redundancies ... more - Spain to take 65% stake in Banco BMN - Tue 19th Feb 2013
The Spanish authorities will take a majority stake of 65% in small, unlisted lender BMN after a cash injection and the conversion of preference shares into capital, a source with direct knowledge of the operation said on ... more - Iberia flights cancelled as strike starts - Mon 18th Feb 2013
Dozens of Iberia flights were cancelled on Monday as workers at the loss-making Spanish flag carrier began a 5-day strike over job cuts that is expected to cost the airline and struggling national economy millions of euros ... more - Bankia's real estate operation under investigation - Fri 15th Feb 2013
The Bank of Spain has launched an investigation into property deals made by the real estate arm of nationalised lender Bankia, two sources at the central bank and at the lender said on Friday ... more - Spain's Reyal Urbis nears bankruptcy - Fri 15th Feb 2013
Creditors of Spanish construction company Reyal Urbis rejected the company's €3.6 billion debt restructuring proposal, two sources familiar with the talks said on Friday, pushing it a step closer to bankruptcy ... more - Bankia hires Rothschilds to sell off assets - Fri 15th Feb 2013
Bankia has hired Rothschild to help sell its stakes in companies including power group Iberdrola and insurer Mapfre, as the bank rebuilds its capital ... more - Bankia shares fall 22% - Thu 14th Feb 2013
Shares in Spain's Bankia opened down 22.65% after a suspension on trading in the stock was lifted on Thursday ... more - Spain's NCG Banco agree to fewer redundancies - Wed 13th Feb 2013
Nationalised Spanish lender NCG Banco said on Wednesday it had reached an agreement with staff to cut planned lay-offs by almost half ... more - Bankia to speed up branch closures - Mon 11th Feb 2013
Nationalized bank Bankia said Monday it plans to speed up the process of branch closures as part of the slimming down of its operations required under the European bailout for the banking sector. ... more - EU to waive Spain bailout pledge - Mon 11th Feb 2013
EU officials waived the requirement in last year's bank bailout that Spain tighten risk controls because policy makers are writing common rules for the 27-nation bloc, 2 people familiar with the matter said ... more - SAREB declines 3 investment funds - Sat 9th Feb 2013
Spain's so-called 'bad bank', SAREB, has rejected overtures from investment funds Cerebrus, Fortress and Centerbridge to enter into its capital because they were asking for advantages over other shareholders, Expansion ... more - Bankia plans fewer job cuts in overhaul - Wed 6th Feb 2013
Bailed-out Spanish lender Bankia said today how it had agreed to pare back redundancies targeted in a restructuring, although it is still cutting more than 4,000 jobs ... more - SAREB starts sales despite business plan scrutiny - Mon 4th Feb 2013
Spain's so-called bad bank has started marketing the first batch of properties seized from troubled lenders to cleanse their books even though it is still bogged down in internal debates and doubts over its business ... more - Spain Economy Minister called as witness in Bankia case - Fri 1st Feb 2013
Spain's Economy Minister Luis de Guindos has been called as a witness in a legal probe into state-rescued bank Bankia, a legal source said on Friday ... more - Bankia Foreclosures up 19% in 2012 - Tue 29th Jan 2013
The real estate arm of bailed-out Spanish lender Bankia said it raised €550 million in 2012 from selling foreclosed properties, 19% more than in 2011, as tax breaks fuelled a year-end rush ... more - Spanish Bank deposits up in December - Mon 28th Jan 2013
Spanish private and business Bank deposits increased for the 2nd consecutive month in December to reach €921.358 billion, an increase of 2.1%, or €19.284 billion, over November, according to figures released earlier today by ... more - Spanish Banks in no rush to repay ECB - Thu 24th Jan 2013
Spain's rescued banks, awash with liquidity from an EU bailout, are in no rush to pay back 3-year emergency loans to the ECB, unlike some of their more robust peers ... more - Spain Bank reforms will not cap salaries - Mon 21st Jan 2013
Draft reforms to legislation covering the cajas, which the government is in the process of finalizing, will not impose a cap on the salaries of senior executives ... more - Spain's bankers to strike as job cuts loom - Mon 21st Jan 2013
Workers at 3 of Spain's bailed-out banks will stage strikes in coming weeks as they fight mass layoffs, unions said on Monday, spreading industrial unrest to a sector where walkouts have so far been rare ... more - Spain to move ahead with sale of Catalunya Banc - Sat 19th Jan 2013
Spain will press ahead shortly with the sale of bailed-out lender Catalunya Banc, 2 sources with knowledge of the negotiations said, alleviating concerns the auction would be delayed for months because of a lack of ... more - Spain launches property eviction plan - Thu 17th Jan 2013
Spain's government on Thursday launched a social housing plan offering properties at low rents to some families who have been evicted from their homes ... more - "Now is the time to invest in Spain" - Wed 16th Jan 2013
Prince Felipe told a meeting of international investors yesterday that "now is the time to invest in Spain" ... more - Madrid to host International Spain Investment Day next week - Sun 13th Jan 2013
The Prince of Asturias is due to host the third annual international Spain Investors Day in Madrid next week, to be attended by some 200 international investors and the chief executives of 35 Spanish listed companies, mostly ... more - Spanish banks likely to start repaying ECB loans - Sat 12th Jan 2013
Spanish banks are likely to start repaying this month some of the around €260 billion euros loans they took from the ECB, as Spain's access to funds improves due to an easing of the euro zone crisis ... more - Spain may need to close a further 15'000 Bank branches - Thu 10th Jan 2013
CaixaBank, with 6,631 branches to serve its 13.2 million customers - or 1 branch per 1,991 clients - is looking increasingly ripe for a culling of staff ... more - Banco de Valencia to fire 50% of employees - Mon 7th Jan 2013
Nationalised Spanish lender Banco de Valencia, recently bought for 1 euro by the country's third-biggest bank, La Caixa, will fire more than half its workforce, union UGT said on Monday ... more - Telefonica offer position to ex-Bankia chief - Sat 5th Jan 2013
It seems that criminal negligence - or at the very least incompetence - is a trait that Telefonica value in prospective employees ... more - Santander to cut 3,000 jobs after Banesto merger - Fri 4th Jan 2013
Spain's largest bank Santander will cut 3,000 jobs following its planned merger with its Banesto subsidiary, Cinco Dias reported on Friday, citing sources from unions and close to the bank ... more - Pilots agree to talk with Iberia about job cuts - Thu 3rd Jan 2013
Iberia Airlines commented yesterday it has reached a preliminary agreement with pilots over plans to restructure the loss-making airline by laying off staff and cutting salaries. However, the agreement to sit down to ... more - Iberia pilots union SEPLA demands airline growth plan - Wed 2th Jan 2013
The pilots union of struggling Spanish airline Iberia demanded a growth plan as it headed into talks on Wednesday with executives over deep job cuts that have also stoked alarm in a country with the highest unemployment in ... more - SAREB receives 37 bln euros of toxic assets - Mon 31st Dec 2012
Spain's so-called "bad bank" has received €37 billion of toxic assets from four nationalised banks, starting a key part of the country's drive to clean up its financial sector ... more - Bankia investors look to courts for justice - Sun 30th Dec 2012
Spanish savers and pensioners who have seen their money wiped out by investing in state-rescued lender Bankia are likely to seek redress in court rather than wait for any official inquiry, which looks increasingly unlikely ... more - Spain's Banks transfer €37 Bln to SAREB - Thu 27th Dec 2012
Spain's 4 nationalized Banks : Bankia, NCG Banco, Catalunya Banc and Banco de Valencia have now completed the signing over of their toxic assets to the newly created so-called bad bank, SAREB ... more - Bankia to wipe out shareholders - Thu 27th Dec 2012
Spanish lender Bankia will wipe out 350,000 shareholders, many of them small savers with little knowledge of financial markets, after it emerged it had a negative value of €4.2 billion ... more - Bankia shares fall 12.5% - Thu 27th Dec 2012
Shares in nationalised Spanish lender Bankia fell 12.5% at the opening of the stock market on Thursday after the bank rescue fund FROB disclosed on Wednesday the entity had a negative valuation of €4.2 billion ... more - Employees protest over Bankia cuts - Wed 26th Dec 2012
Employees of the country's Banking sector staged protests across Spain over the course of the last few days to show their anger at plans by Bankia to make significant cuts to both jobs and salaries ... more - Bankia transfer €25 bln assets to Spain's bad bank - Sun 23rd Dec 2012
Spain's Bankia / BFA group has signed a contract to transfer assets worth €22.25 billion to the so-called 'bad bank' - SAREB ... more - Bankia Chief in court over fraud charges - Fri 21st Dec 2012
The former Chairman of Bankia, 63 year old Rodrigo Rato, was questioned by the National Court yesterday over allegations of fraud ... more - EU approves phase 2 of Spain's banking overhaul - Thu 20th Dec 2012
The EU has approved a cash injection of €1.87 billion into 4 Spanish savings banks, the 2nd phase of an overhaul of the country's banking sector ... more - Spain "should take its time to sell Bankia stake" - Wed 19th Dec 2012
Spain should sell down its stake in Bankia gradually rather than through a wholesale disposal, chairman Jose Ignacio Goirigolzarri said in comments published on Wednesday ... more - FROB values 3 of the 4 rescued Spanish Banks at a loss - Tue 18th Dec 2012
FROB - the Spanish Fund for Orderly Bank Restructuring - proposed a negative valuation for 3 of the 4 nationalised Banks rescued by the Bank of Spain following the latest round of EU stress tests. ... more - Spain receives European bank bailout funds - Tue 11th Dec 2012
Spain received around €40 billion in European aid for its nationalised banks earlier today as agreed in a bank rescue package the country requested earlier this year, a spokeswoman for the Economy Ministry said ... more - Spain's construction sector forced to seek growth abroad - Tue 11th Dec 2012
Bloomberg has reported how Spanish builders are becoming increasingly reliant on foreign banks as they seek fundiing to weather the current financial crisis ... more - Spain's bad bank swerves critical questions - Fri 7th Dec 2012
Spain has left major questions unanswered in its rush to set up a "bad bank" to manage toxic loans built up by the country's lenders, creating a detail vacuum that is keeping potential investors at arm's length ... more - Spanish bad bank to cut smaller banks' capital needs - Tue 4th Dec 2012
Four small Spanish banks will see their capital needs cut by 75% when they transfer dud real estate assets to Spain's so-called 'bad bank', sources with knowledge of the process said on Tuesday ... more - Spain makes formal request for EU bank aid - Mon 3rd Dec 2012
Earlier this morning Spain formally requested the disbursement of €39.5 billion of European funds to recapitalise its crippled banking sector, the Economy Ministry said in a statement ... more - Spain pushes ahead with sale of rescued banks - Thu 29th Nov 2012
Spain is moving ahead with the sale of nationalised banks Catalunya Banc and NovaGalicia Banco, hoping to sell the Barcelona-based former savings bank early next year and its Galician peer shortly after ... more - Bankia to sell IAG and Mapfre shares - Wed 28th Nov 2012
Spanish nationalised lender Bankia said it plans to sell its 12% stake in the International Airlines Group (IAG) within 4 years, Chairman Jose Ignacio Goirigolzarri said on Wednesday ... more - Bad Bank "May Send House Prices Lower" : IMF - Wed 28th Nov 2012
Spain's bad bank set up to take on €60 billion of toxic real estate assets is likely to set a benchmark for the rest of the market and send house prices lower, the IMF said ... more - La Caixa to buy Banco de Valencia - Tue 27th Nov 2012
Spain's 3rd biggest bank La Caixa will buy nationalized lender Banco de Valencia, 3 sources close to the deal told Reuters on Tuesday ... more - Spain to tap €40 billion in EU funds for banks - Mon 26th Nov 2012
Spanish Economy Minister Luis De Guindos confirmed on Monday that the country's government would request around €40 billion in European financial aid for its troubled banks ... more - Debt outweighs asset value at major Spanish developer - Wed 21st Nov 2012
Loss-making Spanish real estate group Reyal Urbis said on Tuesday its borrowings outweighed the value of its assets as it pursued talks to refinance around €4 billion of debt ... more - Santander plans to invest in Spain's bad bank - Sun 18th Nov 2012
Spain's Santander plans to invest in the country's so-called bad bank in a sign that healthy domestic lenders are willing to support the entity created to clean up the aftermath of a 2008 property crash ... more - Bankia announce 5'000 job losses likely - Wed 14th Nov 2012
Bankia , Spain's fourth-largest bank, is close to announcing the redundancies of around one-quarter of its workforce, or around 5,000 employees, according to El Mundo in its Wednesday Internet edition. ... more - Bad Bank to buy Spanish debt at up to 80% discount - Mon 5th Nov 2012
Spain's newly created 'Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria' - or 'SAREB' the so-called "Bad Bank" - will assume responsibility for toxic loans and foreclosed property assets at ... more - Spain's bad bank offers huge discounts - Mon 29th Oct 2012
Spain today it would apply steep discounts to property assets transferred into a so-called bad bank and pledged significant returns in a move to lure reluctant investors ... more - Bankia suffers biggest ever loss by Spanish bank - Sat 27th Oct 2012
Nationalized bank Bankia has suffered the biggest loss ever posted by a Spanish lender as a result of its ill-fated exposure to the troubled real estate sector ... more - IMF praises debt-reducing efforts of Spain - Sat 27th Oct 2012
The IMF said Spain had taken important steps in restructuring its banks as it called for failing lenders to be wound down and for a push to get the country's bad bank working by December ... more - Bankia bosses ordered to repay bonuses - Fri 26th Oct 2012
The Bank of Spain has ordered Bankia employees to repay the bonuses paid to them in 2011 ... more - Spain Bank Recapitalisation "Complete in 2013" - Mon 22th Oct 2012
Spain's banks, hit by a property crash that has prompted a government-forced clean-up of toxic real estate assets, should be fully capitalised by mid-2013, the European Union's antitrust chief said today ... more - Banco Popular resists state aid - Mon 1st Oct 2012
Banco Popular said today it aims for a €2.5 billion share issue by mid-November and will scrap its October dividend to shore up capital and avoid taking funds from a euro zone bailout for the country's banks ... more - Murcia to Receive €527 Million Bailout - Fri 28th Sep 2012
Murcia's Minister of Economy, Juan Bernal, has confirmed the financially stricken region will receive €527.93 million from the FLA ... more - Spain Treasury injects €6 bln into FROB bank fund - Mon 10th Sep 2012
Earlier today Spain's Treasury injected €6 billion in bonds and bills into the FROB bank rescue fund to beef up its firepower after the emergency recapitalisation of lender Bankia, a source from the economy ministry said ... more - Spain bank rescue fund approves Bankia aid - Mon 3rd Sep 2012
Spain's national bank rescue fund approved an immediate capital injection of €4.5 billion into ailing lender Bankia on Monday, the Fund for Orderly Bank Restructuring, or FROB, said in a statement ... more - Spain creates bad bank and injects funds in Bankia - Sat 1st Sep 2012
Spain overhauled its banks for the 5th time in 3 years yesterday in order to secure up to €100 billion in European aid, and injected emergency funds into its biggest problem bank, Bankia ... more - Spain in talks with Eurozone over sovereign aid - Thu 23rd Aug 2012
Spain is negotiating with euro zone partners over conditions for aid to bring down its borrowing costs, though the country has not made a final decision to request a bailout, three sources with knowledge of the matter said ... more - Spain Said to Speed EU Bank Bailout on Collateral Limits - Thu 16th Aug 2012
Spain is about to receive an emergency disbursement from the €100 billion bailout of its financial system because of restrictions the ECB imposed on bank borrowing, according to a person familiar with the matter ... more - Bankia to receive some rescue funds shortly - Thu 16th Aug 2012
Spain's Bankia, a large lender taken over by the state in May, will soon receive part of a promised €19 billion capital injection via a European rescue, a spokeswoman for the economy ministry said on Thursday. "The funds ... more - Spain warns Bankia investors of clean-up costs - Sat 11th Aug 2012
Recent sharp rises in the stock of troubled Spanish banks Bankia and Banco de Valencia has prompted Spain to remind investors that shareholders in rescued banks receiving aid from Europe could suffer losses ... more - IAG Plans for Euro exit - Fri 3rd Aug 2012
The owner of British Airways and Iberia rang the alarm bells on its exposure to Spain on Friday, announcing contingency plans for a euro exit by the country and a wholesale restructuring of its underperforming Spanish ... more - Capital flees Spain as budget gap jumps - Tue 31st Jul 2012
Outflows rose to €41.3 billion as the government's rescue of one its biggest banks hit already fragile investor confidence and triggered a plea for European aid worth up to €100 billion for the country's lend ... more - Eurogroup approves Spanish banking sector bailout - Fri 20th Jul 2012
Euro zone finance ministers approved the terms of a loan of up to €100 billion for Spain to recapitalise its banks on Friday, but the exact size of the support will only be determined in September ... more - Spain not planning to close down any bank - Tue 17th Jul 2012
Spain is not planning to close down any of its ailing lenders, Economy Minister Luis de Guindos said, contradicting the Bank of Spain governor who said earlier on Tuesday that non-viable entities should be wound down ... more - Novagalicia Bank seeks €6 billion aid - Thu 12th Jul 2012
Novagalicia Bank has asked for €6 billion to repair its damaged balance sheet as Spain's weaker banks join the queue for the EU's rescue package. ... more - Spain banks to minimise hit for small investors - Wed 11th Jul 2012
Spanish banks in line for European aid are looking at ways to minimise losses for small savers who will be forced to take a hit on certain bonds and shares they bought in the ailing lenders, under conditions enforced by ... more - Spain's ruling party wants 24 to testify on Bankia - Tue 10th Jul 2012
Spain's ruling People's Party has asked 24 politicians and former Bankia executives including ex-chairman Rodrigo Rato to appear before parliament this month to explain problems leading up to the troubled lender's state ... more - Direct ESM bank aid needs sovereign guarantee-official - Fri 6th Jul 2012
Any risks attached to financial assistance given directly to banks by the euro zone's ESM permanent rescue fund would remain the responsibility of the country requesting it, a senior euro zone official said on Friday ... more - Investigation into salaries of rescued Bank's Executives launched - Thu 5th Jul 2012
The Attorney's Office in Barcelona has begun an investigation into the extravagant salaries of executives at CatalunyaCaixa, the Catalan Bank that was nationalized following last year's stress tests. ... more - Bankia fraud case could set off political fireworks - Thu 5th Jul 2012
Investigations into Spain's bailed-out Bankia are descending into the political nightmare top parties had sought to avoid, with a fraud probe set to lay bare their role in a banking mess that has crippled the country ... more - Fraud case opened on Bankia's Rato - Wed 4th Jul 2012
A Spanish court opened a fraud case on Wednesday against former executives of state-rescued lender Bankia, including one-time IMF chief Rodrigo Rato, as public rage engulfs a bank which is in line for the biggest share of an ... more - Aqualandia buys Terra Mitica : Where now for Paramount ? - Wed 4th Jul 2012
Last week's statement by the developer and promoter of the Paramount Pictures theme park at Alhama de Murcia - where he guaranteed that construction on the park will commence in October - has attracted much criticism from ... more - Spain awaits Moody's cut - Mon 25th Jun 2012
Spain formally requested European aid for its indebted banks on Monday but the lack of details rekindled investor doubts over the financial sector, hours before Moody's was expected to cut the ratings of all Spanish lenders ... more - Spain to stress test banks again - Sat 23rd Jun 2012
Spain will carry out yet another stress test of its banks by October with a focus on seven lenders, d ocuments released after an independent audit of the banking sector showed on Friday ... more - Spain to seek bank aid as borrowing costs soar - Thu 21st Jun 2012
Spain's medium-term borrowing costs spiralled to a euro-era record at an auction on Thursday, before an independent audit was due to reveal the size of a capital hole in Spanish banks which will be filled by a euro zone ... more - Support for PP slides following Spain bailout - Sun 17th Jun 2012
A recent poll of public opinion has shown how support for the PM is dwindling following last week's bailout ... more - Los Indignados file criminal complaint agianst Bankia chief - Fri 15th Jun 2012
Activists from the 15-M protest movement yesterday filed a criminal complaint against former Bankia president Rodrigo Rato at the High Court, accusing him of accounting and financial fraud in connection with the government's ... more - Bank audit shows Spain needs a further €60-70 billion - Thu 14th Jun 2012
An audit of Spain's banks showing how much extra capital they need should be completed by Monday, two sources told Reuters on Thursday, with one saying cleaning up the sector will cost €60-70 billion ... more - Fitch cuts Spanish banks after sovereign downgrade - Wed 13th Jun 2012
Fitch Ratings yesterday downgraded 18 Spanish banks less than a week after the agency cut the country's sovereign debt rating, underscoring the potential for lenders' assets to deteriorate further ... more - Spain bank rescue may bring only brief respite - Sun 10th Jun 2012
Euro zone finance ministers rushed Spain into an EU-funded rescue for its debt-stricken banks to pre-empt the threat of a bank run if Greece's debt crisis flares again but any respite for Madrid and the euro may be ... more - Bankia investors to start compensation claim - Sun 10th Jun 2012
A group of small shareholders in Spain's bailed-out Bankia will add to a growing flurry of legal claims against the bank with a civil claim next week, as they seek compensation for investments that have been all but wiped ... more - Euro zone to lend Spain up to €100 billion - Sun 10th Jun 2012
Euro zone finance ministers agreed on Saturday to lend Spain up to €100 billion to shore up its teetering banks and Madrid said it would specify precisely how much it needs once independent audits report in just over a week ... more - Dismissed BoS Governor speaks to Congress - Sat 9th Jun 2012
Miguel Angel Fernandez Ordonez, the Governor of the Bank of Spain due to step down this weekend after almost 6 years in office, has exersized his right to address congress ... more - Spain to request EU bank aid on Saturday - Fri 8th Jun 2012
Spain is expected to ask the euro zone for help with recapitalising its stricken banks at the weekend, EU and German sources said on Friday, becoming the fourth country to seek assistance since Europe's debt crisis began ... more - Spanish Banks need €40 billion : IMF - Thu 7th Jun 2012
An IMF report on Spanish banks will show the country's troubled lenders need a cash injection of at least €40 billion, Reuters on Thursday quoted unnamed sources in the financial sector as saying. ... more - G7 to hold emergency eurozone talks, Spain top concern - Mon 4th Jun 2012
Finance chiefs of the Group of Seven leading industrialized powers will hold emergency talks on the euro zone debt crisis on Tuesday in a sign of heightened global alarm about strains in the 17-nation European currency area ... more - U.S. tells Spain solution needed for troubled banks - Sat 2th Jun 2012
US Treasury Secretary Timothy Geithner told Spain that a solution is needed for its troubled financial system, Spanish Deputy PM Soraya Saenz de Santamaria told reporters on Thursday ... more - Euro Shorts Reach Record as Spain, Greece Concern Damp Demand - Sat 2th Jun 2012
Futures traders boosted bets that the euro will depreciate against the dollar to a record high as concern increased that Spain's banking crisis will worsen and Greece may exit the 17-nation currency union ... more - IMF Discuss Contingency Plans for Spain - Thu 31st May 2012
The International Monetary Fund has begun discussions over a contingency plan to bail out Spain should it fail to raise the necessary funds to bail out failed Spanish bank, Bankia ... more - Spain region, Greek exit warnings rattle euro zone - Sat 26th May 2012
Central banks and companies risk making a grave error if they do not brace for a possible Greek exit from the euro zone, Belgium's foreign minister said on Friday, rattling markets already alarmed by Spain's deteriorating ... more - Bankia, Catalonia pile on Spanish debt worries - Sat 26th May 2012
Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help ... more - Spain struggles to meet regions' 36 bln euros debts - Thu 24th May 2012
Top Spanish officials are at odds over how to help the country's highly indebted regions refinance €36 billion of debt this year, government sources told Reuters on Wednesday ... more - Spain may forge one bank from failed lenders - Thu 24th May 2012
Spain may create one nationalised bank out of its failed lenders including problem lender Bankia if the state cannot find buyers for state-rescued banks, a senior Economy Ministry source said ... more - Spain's banks in focus ahead of Bankia rescue plan - Wed 23rd May 2012
Spain may say on Wednesday how it will plug a hole of at least €8 billion at Bankia, part of an effort to clean up a banking sector laden with bad debts and stop the country sinking further into the euro zone debt crisis ... more - Spain to outline Bankia plan, may announce bailout size - Tue 22th May 2012
The Spanish government is set to outline on Wednesday its plan to restructure the recently nationalised Bankia and announce how much additional money it will pump into the ailing lender, government sources told Reuters ... more - The 2011 Local & Regional Elections : 1 Year On - Tue 22th May 2012
By midnight on the 23rd of May 2011 it was clear that the predicted landslide victory in favour of the right-wing PP was going to be more decisive than originally expected. When the count was finalised, the PP held 26 ... more - Spain faces crisis of confidence after deficit slip - Sun 20th May 2012
Spain's government faces a crisis of confidence from nervous investors after admitting late on Friday its 2011 public deficit was higher than it had previously reported due to adjusted accounts in three of its regions ... more - Banks' rising bad loans add to Spanish troubles - Sat 19th May 2012
Spanish banks' bad loans rose in March to their highest in 18 years, underscoring the problems facing the government as it drafts in independent auditors in an attempt to reassure investors it can clean up the sector ... more - Spain to kick off banking sector audit - Fri 18th May 2012
Spain, under pressure from the EU to accelerate its bank clean-up, will name independent auditors on Friday to probe bad loans and property holdings in the financial sector and determine how big a state bailout is needed ... more - Spain hires Goldman Sachs to value Bankia - Fri 18th May 2012
The Spanish government has hired Goldman Sachs to carry out an independent valuation of Bankia, the ailing bank taken over by the state last week, Spanish newspaper Expansion said on Friday ... more - Spain Banks Face Moody's Downgrades as Bankia Run Denied - Thu 17th May 2012
Spanish banks face credit ratings downgrades by Moody's Investors Service as the government denied there was a run on deposits at Bankia SA, the ailing lender it's taking over ... more - Bank of Spain orders new clean-up plan at Bankia - Wed 16th May 2012
Spain's conservative government acquired 45% of Bankia last week through converting an earlier €4.5 billion rescue loan to parent company BFA into shares and ... more - Four Spanish savings banks to restart merger talks - Tue 15th May 2012
Four Spanish savings banks will restart talks this week over a possible merger that would create the country's fifth-largest lender, a source close to the negotiations said on Tuesday ... more - Shareholder group mulls legal action on Bankia - Tue 15th May 2012
A shareholder activist group is studying legal action against state-controlled Bankia, Spain's 4th biggest bank, which has lost over half its value since a listing last year targeted at individuals ... more - Spain's banks detail new cost of property clean-up - Mon 14th May 2012
Spanish banks unveiled fresh funds on Sunday to meet new government demands aimed at cleaning up the country's sickly property market and easing international markets' concerns about the troubled financial sector ... more - Spain short-term debt costs to stay high after bank plan - Mon 14th May 2012
Spain will pay high premiums to sell short-term debt on Monday, after the government's latest attempt to fix the banking sector failed to allay concerns about the burden of the clean-up on the country's finances ... more - Spaniards keep up anniversary rally against crisis - Mon 14th May 2012
Spaniards kept up protests against politicians' handling of the economic crisis in Madrid's Puerta del Sol on Sunday after police evicted people from the central square in the pre-dawn hours and made 18 arrests ... more - Spain takes over Bankia to steady ailing sector - Thu 10th May 2012
Hoping to put an end to a four-year banking crisis, Spain's government effectively took over Bankia, one of the country's biggest banks, late on Wednesday after days of market anxiety over the lender's viability ... more - Bankia chief Rato steps down as Spain readies bailout - Tue 8th May 2012
Rodrigo Rato stepped down on Monday as chairman of ailing Spanish lender Bankia, helping to clear the way for a rescue plan that the government hopes will persuade international investors of the country's financial stability ... more - Bank of Spain prepares Bankia plan - Mon 7th May 2012
The Spanish government and the Bank of Spain are preparing a clean-up plan for lender Bankia , a government source said on Monday, while declining to confirm a report that the move would include a state-backed loan ... more - Bankia sees sharp rise in housebuilder arrears - Sat 5th May 2012
Banco Financiero y de Ahorros (BFA), the parent company of Spanish lender Bankia, increased property repossesssions last year and saw a near 37% rise in loans to housebuilders falling into arrears, its annual report showed ... more - Further consolodation of Banks required : Rato - Fri 4th May 2012
The Chairman of Bankia has warned that the Spanish Banking sector is still too large and theat further consolodation of the industry needs to take place ... more - Valencia, a cruel reflection of Spain's economic woes - Wed 2th May 2012
Once the beacon of Spain's new economic grandeur, the Mediterranean region of Valencia has become a symbol of all that is wrong with the country ... more - Spain's Central Bank consults experts on toxic assets - Tue 1st May 2012
Spain's Central Bank is consulting with international bankers and property experts on setting up a holding company to value and sell off toxic real estate assets from the country's troubled financial sector, two sources said ... more - Standard and Poor downgrade Spain's Banks - Mon 30th Apr 2012
Last week Standard & Poor's credit ratings agency reduced the rating for Spain from A/A-1 to BBB+/A-2 with a 'negative outlook' ... more - 'Spanish Banks need more funds' : IMF - Fri 27th Apr 2012
The IMF issued a report earlier this week, noting how the cost of rescuing Spanish banks with problems may be too much for the industry to support, and could require an injection of public funds ... more - Valencia Gov't to pay €60 million Castellon Airport debts - Wed 25th Apr 2012
The regional government of Valencia is still trying to find a suitable management company to operate Castellon airport, privately owned by Aerocas, chaired by former provincial president Carlos Fabra, and who the region is ... more - Bankia expects first quarter profit - Mon 23rd Apr 2012
Bankia, Spain's third-biggest bank by assets, expects to post a profit for the first quarter of 2012, Chief Executive Francisco Verdu said on Sunday ... more - Some Spain banks may struggle to meet cash needs - Wed 18th Apr 2012
The Bank of Spain on Tuesday approved all 135 Spanish banks' plans to boost capital but said some may face difficulties meeting tough requirements set by the government ... more - Spanish banking consolidation to accelerate - Fri 6th Apr 2012
Spain is accelerating consolidation of its banking sector, Economy Minister Luis De Guindos told Reuters this week, expecting more mergers by May ... more - Bankia 'Can meet capital goal alone' - Mon 2th Apr 2012
Spain's Bankia plans to tell the central bank that it can meet requirements for provisions against real estate losses without public money or merging with another entity, a source familiar with the matter said ... more - Spain's banks may need more public cash - Fri 30th Mar 2012
Spanish banks, already hurting from a property crash, are facing a new wave of loan defaults as the economy sinks into recession and the government may have to find more money or ask Europe for help in filling the funding ... more - Caixabank buys Civica at third of book value - Tue 27th Mar 2012
Caixabank bought smaller rival Banca Civica for one third of its book value late on Monday, creating Spain's biggest bank by domestic assets ... more - Jobless immigrants take on banks over mortgages - Mon 26th Mar 2012
Newcomers, many of them immigrants from South America, take turns speaking about how close they are to eviction. They tell of losing their jobs, defaulting on their loans and receiving ... more - CaixaBank Said to Prepare Bid for Civica - Fri 23rd Mar 2012
CaixaBank, Spain's fourth- biggest lender behind Santander, BBVA and Bankia, is preparing a bid for Banca Civica SA, said a person familiar with the situation ... more - Bankia to impose 10pct wage cut on employees - Fri 23rd Mar 2012
Bankia have announced that they will make €200 Million savings from Employee salaries over the course of the next 2 years, which the CCOO union has estimated will result in salary cuts for all employees of around 10% ... more - Movistar voted 'Worst Company in Spain' - Fri 23rd Mar 2012
Movistar have today been announced as "The Worst Company in Spain" ... more - Bankia begin rebranding member cajas - Thu 22th Mar 2012
As of today Bankia will begin to bring the branding of it's induvidual members under the same umbrella. ... more - Voting for 'Worst Spanish Company' extended by 1 week - Tue 20th Mar 2012
The decision was taken last week to extend the voting for the FACUA Consumer action group's third annual "Worst Company of the Year" award ... more - Spanish banks weigh up industrial stake sales - Mon 19th Mar 2012
Desperate for cash to bolster their ailing balance sheets, Spanish banks are eyeing their expensively acquired industrial shareholdings as possible sources of funds, and a small disposal last week by Bankia SA is just a ... more - La Caixa to merge with Civica - Tue 13th Mar 2012
La Caixa, Spain's largest savings bank, is set to announce a merger with smaller rival Banca Civica, newspapers reported on Tuesday ... more - Nominees for 'Worst Spanish Company' revealed - Wed 7th Mar 2012
Spain's FACUA consumer rights association has released the nominees for their "Worst Company of the Year" award on their website ... more - Banca Civica profit down, taps ECB for 6.1 bln euros - Wed 29th Feb 2012
Spanish lender Banca Civica booked falling profits, rising bad loan rates and slipping quarterly capital reserves in 2011 results as government demands for banks to write down real estate losses cranked up pressure on the ... more - Spain's banking sector set to shrink to about 10 lenders - Fri 24th Feb 2012
This year, Spain's banking sector looks set to shrink to about 10 lenders from more than 40 before the economic crisis, as the government forces banks to recognise steep losses from a housing crash ... more - Ibercaja tipped to take control of Unnim - Tue 21st Feb 2012
Spanish daily newspaper, ABC, has reported how Ibercaja has made the most attractive bid to date for Unnim, a small bank taken over last year by the Bank of Spain ... more - Deputy PM questions planned union protests - Sun 19th Feb 2012
The ruling PP party on Friday made a bid to discredit Spain's major unions over their calls to protest in the face of recent reforms to the country's employment laws ... more - Credit ratings agencies downgrade Spanish Banks - Mon 13th Feb 2012
Banco Santander SA, CaixaBank, Bankia and Banco Bilbao Vizcaya Argentaria SA (BBVA) were among 15 Spain-based financial firms downgraded by both Standard & Poor and Fitch's credit rating agencies today after both companies ... more - Bankia Reports New Rules Call for €5.1 Billion Provisions - Sat 11th Feb 2012
Spain's Bankia group said a government-ordered clean-up of its real estate holdings would require €5.1 billion in provisions and extra capital, and that it can meet the demands alone ... more - Spain's banks count cost of property clean up - Wed 8th Feb 2012
Spanish banks counted the cost on Tuesday of new government rules aimed at cleaning up the damage from a property market crash, recognizing billions of euros in losses and, in the case of the most exposed, seeking a merger ... more - Spain Government to Ensure That Mergers Among Lender Are Viable - Tue 7th Feb 2012
Spain's government will watch to ensure that mergers sparked by a real estate cleanup are viable, an Economy Ministry official said. Investors may be skeptical about mergers in which a bank that has received public aid ... more - Spain Coaxes Banks to Merge as Extra Year Given to Purge Property Losses - Mon 6th Feb 2012
Spain's new government gave banks an extra year to recognize losses if they agree to merge, as it tries to overhaul the financial industry crippled by the collapse of the nation's property boom four years ago ... more - Pay slashed for bailed-out Spanish bankers - Sat 4th Feb 2012
The Spanish government has placed limits on executive pay at banks that received state aid after a series of scandals over fat payouts for bankers who loaded dodgy property debt onto lenders that then needed bailing out ... more - Spanish banks face capital hike watchdog deadline - Fri 20th Jan 2012
A total of 31 European banks must tell their national regulators by Friday how they plan to fill a gaping capital hole, part of the continent's efforts to deal with its debt crisis once and for all ... more - Spain favours Bankia, CaixaBank merger - Thu 19th Jan 2012
Spain is pushing for former savings banks Bankia and CaixaBank to merge as it tries to fix the country's ailing financial sector without pouring in more public money, sources said ... more - Bank charges grow by 20 x rate of inflation - Wed 18th Jan 2012
Charges made by Spanish Banks last year for services such as transfers or account maintenance and cards grew by almost twenty times the annual rate of inflation ... more - Bankia merger likely - Wed 18th Jan 2012
The Financial Times has reported how Bankia is being pressured into merging with another Spanish bank - possibly Santander, BBVA or Caixabank - which could result in the creation of the largest domestic lender ... more - Directors of seven rescued cajas paid 80 Mln Euros - Sat 31st Dec 2011
Seven of the Spanish 'Cajas' - regional savings banks - that were bailed out with injections of public money from the Bank of Spain earlier this year have made payments to their directors of almost 80 million euros, ... more - S&P cuts ratings of 10 Spanish banks - Fri 16th Dec 2011
Standard & Poor's cut the credit ratings of 10 Spanish banks on Thursday and said they remained on watch for a possible further cut subject to a review of Spain's sovereign rating. The banks include Bankia and its holding ... more - Repossessed Spanish properties worth half of their mortgage value - Fri 16th Dec 2011
Yesterday Bloomberg reported how repossessed properties in Spain are now worth on average 43% less than their mortgage valuations, according to ratings agency, Fitch´s ... more - Bankia sees 700 mln eur in cost savings from merger - Thu 15th Dec 2011
Spain's Bankia, formed by the merger of seven regional banks led by Caja Madrid, expects more than 700 million euros in costs savings after completing its integration, the bank said ... more - Moody's reviews downgrades of eight Spanish Banks - Tue 13th Dec 2011
Yesterday Moody's Investors Services Placed eight Spanish Banks and a further two holding companies under review for possible downgrades under concerns of the economic weakness and increasing losses due to their exposure to ... more - More bank bail-outs loom for new Spanish government - Fri 25th Nov 2011
A crippling squeeze on funding for Spain's banks has pushed them to the brink and the new centre-right government has nowhere to turn to finance more expensive bail-outs or the creation of a bad bank ... more - Bank of Spain takes over Banco de Valencia - Tue 22th Nov 2011
The Bank of Spain said on Monday it had taken over Banco de Valencia, making it the latest casualty of the collapse in Spain's property boom and the first retail bank to seek a bailout ... more - Banco de Valencia Shares Suspended - Mon 7th Nov 2011
Banking sector regulators have suspended trading in Banco de Valencia shares following reports that the troubled caja is facing a potential funding shortfall of 600 Million euros ... more - Bank of Spain seen set to take over three savings banks - Fri 30th Sep 2011
The central bank is expected to inject capital into two savings banks in the eastern region of Catalonia - Catalunya Caixa and Unnim - plus a third savings bank, NovaCaixaGalicia, in the northern region of Galicia in a ... more - Bank of Spain denies need for recapitalisation - Fri 23rd Sep 2011
El Pais have reported how the Bank of Spain have reassured investors that Spanish banks do not need to increase the levels of capital as outlined in the Financial System Reform Plan that was approved in February and is being ... more - Investors wary of Spain savings banks as clock ticks - Sat 10th Sep 2011
A handful of Spanish savings banks that still have to recapitalise to meet strict new rules are running out of options to raise money from private investors and will likely end up being taken over by the state. ... more - New Caja Merger to Go Ahead - Thu 8th Sep 2011
Caja Espana-Duero Executives yesterday announced that the merger with Unicaja will go ahead ... more - No jackpot for Spanish lottery IPO - Thu 25th Aug 2011
Loterias y Apuestas del Estado, which is expected to raise at least 7 billion euros from a 30% stake sale and rival Glencore as the biggest listing this year, is to pay its bookrunners less than 1% of that total, prior to a ... more - Banca Civica says core capital 9.8 pct after listing - Wed 10th Aug 2011
Spanish savings bank Banca Civica , which made its bourse debut on July 21, said on Wednesday its core capital rose to 9.8% following the listing from 8.4 percent at the end of June. ... more - Bad debts rise at Spain's newly listed Bankia - Wed 27th Jul 2011
Newly listed Spanish savings bank Bankia said its ratio of bad debts rose in the first half from the December figure and would continue to rise in the sector into next year. ... more - Caixabank sees surge in profits - Mon 25th Jul 2011
CaixaBank, formed as the retail arm of Spanish banking giant La Caixa earlier in July, posted first-half net profits of 833 million euros, an 11% increase from comparable figures ... more - Bank of Spain takes CAM on board - Mon 25th Jul 2011
The Bank of Spain has announced their decision to take over Caja de Ahorros del Mediterraneo as a part of their plans to reform the country's banking sector, and in particular the cajas ... more - Spanish bank results hit by provisions - Fri 22th Jul 2011
First-half results at Spanish banks Caixabank , Bankinter and Popular showed the sector struggling uphill, provisioning for a property crunch while higher funding costs bite. Popular, the biggest of Spain's mid-sized banks ... more - Relief greets Spain's Bankia debut in spite of fall - Wed 20th Jul 2011
Spanish lender Bankia fell below a sharply discounted offering price in its market debut on Wednesday, while the country's banking sector bounced on relief the listing was done despite brutal market conditions ... more - Spain's Bankia cuts IPO price to 3.75 euros/share - Mon 18th Jul 2011
Spanish savings bank Bankia has cut the price for its initial public offering to 3.75 euros per share, three sources close to the deal said on Monday. ... more - Spain's Bankia, Civica to pass stress tests - Fri 15th Jul 2011
Spanish savings banks Bankia and Banca Civica, both about to close initial public offerings, will pass European stress tests to be published on Friday, Newspaper ABC reported on Thursday citing sources. ... more - Spain's banking system much improved says central bank - Thu 14th Jul 2011
Spain's overhaul of its financial system has led to fewer, healthier banks with better corporate governance, the Bank of Spain said on Wednesday, ahead of a Europe-wide test of banking health. ... more - Spain's Bankia, Civica to pass stress tests - Thu 14th Jul 2011
Spanish savings banks Bankia and Banca Civica, both about to close initial public offerings, will pass European stress tests to be published on Friday, Newspaper ABC reported on Thursday citing sources. ... more - Disappointing outcome for FROB issuance - Thu 7th Jul 2011
Spain's Fund for the Orderly Restructuring of Banks (FROB) did not perform as well as expected in an issuance of bonds earlier this week, highlighting the difficulties that the country's banking sector is faced with ... more - Bankia IPO 'Key test' for Spain - Wed 6th Jul 2011
The world's largest Investment group, BlackRock, has reacted unfavourably Bankia's Initial Public Offering (IPO) - a confidence blow not just to Bankia, but to the other cajas planning to raise funds this summer, according ... more - La Caixa starts trading as CaixaBank - Fri 1st Jul 2011
Spanish savings bank La Caixa started trade as CaixaBank on Friday by reversing its banking business into its listed industrial holding company, the latest caja to seek private capital under state demands. ... more - Spain's Bankia aims for 4.2 billion euro debut - Wed 29th Jun 2011
Savings bank Bankia aims to raise up to 4.2 billion euros in a steeply discounted initial public offering seen as a key test for Spain's overhaul of its financial system, sources said on Wednesday ... more - Spain's Bankia eyes 3.65 billion euro IPO - Wed 29th Jun 2011
Spanish savings bank Bankia has set an indicative price range for its initial public offering to raise around 3.65 billion euros, pushing ahead in the face of tough market conditions, sources said on Wednesday. ... more - Bankia delays prospectus amid IPO nerves - Thu 23rd Jun 2011
Spain's Bankia has delayed publishing its listing prospectus, sources said, with market nerves over Greece adding to downward price pressures and testing the lender's resolve to get the deal done. ... more - Greek fears force Bankia to lean on Spanish investors - Tue 21st Jun 2011
Fears of a Greek default have further darkened the prospects for the planned stock market debut of Spain's Bankia, but the savings bank is expected to plough on with its flotation by leaning on domestic support. ... more - USA eyes Caja investment opportunities - Mon 16th May 2011
A number of private equity firms from America are considering investment opportunities in some of Spain's troubled cajas, according to the 'Expansion' newspaper ... more - Spain's Caixabank targets expansion at home - Fri 13th May 2011
Shareholders at Spain's Criteria yesterday approved the transformation of parent La Caixa into a listed bank, marking an important milestone in the restructuring of the country's struggling 'cajas' savings banks ... more - Nine Spanish Cajas 'may need to turn to FROB' - Fri 15th Apr 2011
Spain's Bankia and Banca Civica have both stated how they would only turn to FROB as a last resort, and are working to their original plans to carry out initial public offerings. ... more - Number of Cajas expected to turn to FROB - Wed 13th Apr 2011
Unnim, a merger between three Catalan cajas, believes that a number of Spanish lenders will seek state funding to meet the new solvency requirements for the sector due to the problems in the current environment of raising ... more - Spain's Bankia to create bad bank ahead of listing - Wed 6th Apr 2011
Newly formed Bankia, Spain's biggest savings bank, said late on Tuesday it would create a bad bank for doubtful assets such as repossessed land ahead of a stock market listing expected later this year ... more - Spain's Bankia says to list assets of 275 bln euros - Wed 6th Apr 2011
Banco Financiero y de Ahorros (BFA), a newly merged group of unlisted banks headed by Caja Madrid, said on Tuesday it would list on the stock exchange a banking and finance business with assets of 275 billion euros and a net ... more - Spain's savings banks held talks with hedge funds - Fri 25th Mar 2011
Spain's struggling saving's banks, or cajas, have held talks with major hedge funds and private equity groups to try to raise 15 billion euros in fresh capital to avoid a bail-out, the Financial Times said on Friday ... more - Bankia to sell renewables holding to EDP - Mon 21st Mar 2011
Bankia, Spain's biggest savings bank by assets, is in talks to sell its 20% stake in renewables firm Genesa to Portugal's EDP, newspaper Expansion reported on Monday without naming sources ... more - Bankia prepares to float - Mon 14th Mar 2011
Spain's newly merged Bankia today appointed Bank of America-Merrill Lynch, Deutsche Bank, JP Morgan and UBS as the four Banks that we takes responsiblity for its stock market floatation ... more - Spain's Caja Madrid merger relaunches as Bankia - Thu 3rd Mar 2011
Spain's biggest savings bank by assets, the Caja Madrid-led merger of seven lenders, relaunched under the name Bankia on Wednesday in the latest step of Spain's banking overhaul ... more