Spain's market regulator suspended trading of shares in bailed-out lender Bankia on Friday ahead of a key board meeting at which the lender is expected to decide how much more rescue money it needs from the government.
Inquiring minds are interested in the recapitalization plans for the Bankia. Please consider this chain of posts.
ABC News reports Spain's Bankia set for massive bailout.
Spain's fourth-biggest bank Bankia says it is certain of securing the 19 billion euros ($24 billion) in state aid it is seeking in the largest bank bailout in the country's history.
Shares in Spain's troubled Bankia, which has asked for a 19-billion-euro ($24 billion) bailout from the government, will resume trading on Monday, the stock exchange authority said.Shares in Bankia were suspended on Friday, shortly before it announced it made a loss of three billion euros in 2011 and was seeking the government aid.The CNMV exchange authority said that "adequate information" had now been provided to the public about Bankia, the country's fourth largest bank.