Spain’s Bankia vows transparency

Spain’s Bankia (BKIA.MC) will seek on Friday to sell its recovery to some of its fiercest critics, the thousands of small investors who lost money in the country’s biggest-ever corporate bail-out. Bankia, transformed from a symbol of Spain’s financial crisis to the pin-up of an economic recovery

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Any credibility gained through additional transparency was ruined by subsequent developments, as banks that had been given a clean bill of health collapsed shortly afterwards, for example, allied irish banks in November 2010 or Spain’s Bankia in April 2012.

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MADRID (Reuters) – Spain’s Bankia (MCE:BKIA) will seek on Friday to sell its recovery to some of its fiercest critics, the thousands of small investors who lost money in the country’s biggest-ever.

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Spain’s Bankia vows transparency Saturday, May 26th 2012, 11:37 The head of Spain’s fourth-largest bank, Bankia, promises greater transparency after announcing 3bn-euro losses and asking for a state bailout.

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Hoping to put an end to a four-year banking crisis, Spain’s government effectively. Mr. Rato led Bankia’s stock market flotation last year in an effort to increase the entity’s capital and its.

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Bankia (Spanish pronunciation: [bakja]) is a Spanish bank that was formed in December 2010, consolidating the operations of seven regional savings banks. [1] As of 2012, Bankia is the fourth largest bank of Spain with 12 million customers. [2] [3] Formerly a private bank, it was partially nationalized by the government of Spain in May 2012 due to the near collapse of the institution.

Thousands of people at the traditional May Day rally in Madrid vented their anger at rampant corruption, as Spain’s ruling Popular Party (PP) finds itself embroiled in a new scandal