Tag Archives: Bankia

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

Posted on April 1, 2013 by DRenegade

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

Posted on June 1, 2012 by DRenegade

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?

Posted on May 30, 2012 by DRenegade

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

Posted on May 17, 2012 by DRenegade

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was part-nationalised last week, plunged by more than a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week.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

Posted on May 10, 2012 by LT

(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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