Tag Archives: Bancaja

Disgraced banker who ran Banco Valencia into the ground, charged with financial fraud, given top job at Bancaja

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A disgraced banker who has been charged with fraud, corruption and financial crimes after running the Banco de Valencia into the ground has been given the top job at Bancaja after the President quit unexpectedly yesterday. Antonio Tirado, the new head of Bancaja, has been charged by a court in Valencia with multiple financial crimes after he ran the Banco de Valencia into the ground (it collapsed last year). 137 shareholders signed a joint querella Continue reading Disgraced banker who ran Banco Valencia into the ground, charged with financial fraud, given top job at Bancaja→

Bankia goes bust (quick, get your cash out) and another 4,5 billion of public cash is counted out

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Bankia, the new Spanish bank made out of a shotgun wedding of no fewer than seven failed Spanish caja de ahorros, and the bank with the largest exposure to real estate debt in the country (37,500 million euros), has seen its share price sink through the floor after it was leaked that Bankia is bankrupt. Expansion, the financial paper, tells us this morning that emergency talks between Madrid and the Bank of Spain are culminating Continue reading Bankia goes bust (quick, get your cash out) and another 4,5 billion of public cash is counted out→