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