Tag Archives: Bankia

Exuberant “Reach For Yield” In Spain Leaves Retail With Up To 96% Losses

The ‘relative’ innocence of the depositors in Cyprus who saw their savings crushed by the hammer-blow of Germany’s reality last week is, it seems, not the only hardship that the European people are suffering. In Spain, thanks to their FROB … Continue reading

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The ‘yayoflautas’ take five branches of Bankia in Spain

Groups of activists from 15-M have taken synchronously entity’s offices in five cities to ask for a ‘# NurenbergFinanciero’ This morning the ‘yayoflautas’ , the activists of the 15-M veterans have occupied synchronously Bankia five venues of the same number of Spanish … Continue reading

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European Hail Mary or End Run?

The call for direct capitalization of Euro zone banks by forming a banking union is definitely a hail Mary to save Spanish and Greek banks. Although this is only a “call”, Germany will never support it and at some point, … Continue reading

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Nationalized Spanish Bank Plummets On News Of Bank Run

Bankia hit by report of withdrawals Shares in Bankia, the Spanish bank that was part-nationalised last week, plunged by more than a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week. The … Continue reading

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Test Balloon in Spain: Forcing Citizens and Businesses to Buy Government Bonds

(Financial Times) — Spain has taken a 45 per cent stake in Bankia, the country’s third-largest bank by assets, as worries over the financial system sent equity and bond markets falling on Wednesday.  The Bank of Spain said Bankia and … Continue reading

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