Bankia shares collapse on negative equity news
- 11 years ago
Shares in nationalised Spanish banking giant Bankia slumped by twelve and a half percent on opening in Madrid. It followed the disclosure the bank has a negative equity of over four billion euros.
Shareholders have lost 80% of their investment since the 2011 flotation, and now face further losses according to an anonymous Bank of Spain source.
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http://www.euronews.net/
Shareholders have lost 80% of their investment since the 2011 flotation, and now face further losses according to an anonymous Bank of Spain source.
...
http://www.euronews.net/