Bankia: 7 billion euros, not 4.5 actually

Bankia, the about to be failed bank that was formed out of seven failed savings banks, actually needs a bailout of over 7 billion euros, not 4,5 billion.

Interestingly enough, the amount that the state wants the federal regions to cut out of their budget is only 5 billion, so that’s that savings gone then. Bummer.

CEO of Bankia, Rodrigo Rato, has announced his resignation, which is unusual.

One Reply to “Bankia: 7 billion euros, not 4.5 actually”

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.