Bankia bank floatation was a complete fraud admits Bank of Spain
The Bank of Spain has completed a report into the stock market launch of nationalised bank Bankia, and concluded that it was a complete fraud organised by Rodrigo Rato, the President of the bank at the launch, and carried on by his successor Goirigolzarri. Bankia is a nationalised bank that was formed from the corpses of several failed banks that went under during the recession. Spain forcibly merged them into one super bank and then Continue reading Bankia bank floatation was a complete fraud admits Bank of Spain
