FINANCE: Market halts trading of Bankia shares amid bailout fears

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.

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.

Spain's fourth-largest bank Bankia asks the government for a bailout worth 19bns euros ($24bn; £15bn), after its shares were suspended.

Spain's market regulator has suspended trading of shares in bailed-out lender Bankia ahead of a board meeting of the bank that is expected to decide on the amount of money it needs from the government.

Trading in Bankia shares was suspended after reports the bank is gearing up to ask for a 15 billion euro bailout from the government

Shares in Spain's fourth-biggest listed bank, Bankia, fell on Tuesday after the government announced it would inject public money this week in the lender to clean up huge bad loans.The stock was down 5.85 percent at 2.236 euros in early afternoon trading while Spain's main Ibex-35 stock index fell 0.58 percent.Shares in Bankia, which has the industry's largest exposure to the property market at 37.5 billion euros ($49 billion), already lost 3.26 percent on Monday.