iBankCoin
Joined Nov 11, 2007
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Spanish Bank Teeters on Edge, Needs $23 Billion Bailout

Can we just get this over with please?

Spain’s fourth-largest financial institution said Friday that it needs an additional 19 billion euros ($23.77 billion) from the government to boost loss provisions.

Nationalized earlier this month, BFA-Bankia is seeking what would be the largest bank bailout in Spanish history.

The request for funds is more than double the amount Economy Minister Luis de Guindos cited Wednesday in comments to Spanish lawmakers

Read more: http://latino.foxnews.com/latino/news/2012/05/25/ailing-spanish-bank-seeks-2377-bn-from-govt/#ixzz1vvVSXUOX

 

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