Spanish bank seeking €19bn bailout

The board of directors of the troubled Spanish bank, Bankia, says it has agreed to ask for €19bn in state funds.

Spanish bank seeking €19bn bailout
Sat, 26 May, 2012 - 09:44

The board of directors of the troubled Spanish bank, Bankia, says it has agreed to ask for €19bn in state funds.

In a statement, the bank’s president, Jose Ignacio Goirigolzarri said the recapitalisation has “reinforced the solvency, liquidity and solidity of the bank”.

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CourtsBusinessHeathrowPlace: EuropePlace: SpainPerson: Jose Ignacio GoirigolzarriPerson: prime ministerPerson: Mariano RajoyPerson: Alfredo Perez RubalcabaPerson: Peter PraetPerson: DeputyPerson: Soraya Saenz de SantamariaPerson: RajoyOrganisation: BankiaOrganisation: Standard & PoorOrganisation: Bankia SAOrganisation: Spanish governmentOrganisation: GreeceOrganisation: IrelandOrganisation: PortugalOrganisation: SpainOrganisation: ItalyOrganisation: European Central BankOrganisation: US Federal Deposit Insurance Corporation
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