Bankia parent group BFA posts 2011 loss of 3.3 billion euros

BFA, the parent group of nationalized Spanish bank Bankia , said on Monday it had restated its 2011 results to reflect a 3.3 billion euro loss, rather than a 41 million euro profit, following a bailout ...

MADRID (Reuters) - Spain on Monday requested formally t

Five days ago we heard from the Bank of Spain that Spanish banks only need between €16bn and €62bn in new capital. For details, see Laugh of the Day: Stress Tests Show Spanish Banks Only Need Between €16bn and €62bn in New Capital; ECB to Accept BBB- Rated Debt (One Step Above Junk) as Collateral

A sale of nationalized Spanish

By Sarah White and Paul Day MADRID (Reuters) - The arrest of a promine

MADRID (Reuters) - European authorities will transfer 35 billion euros to Spain's state bank rescue fund on December 15 in exchange for massive layoffs at Spain's four nationalized banks, including state-rescued Bankia , El Pais newspaper reported on Sunday. The cash injection from European bailout funds will be disbursed to troubled Spanish banks two weeks after it is paid into Spain's bank restructuring fund, or FROB, the paper said. Bankia, which sought a 23. ...