Spain's Bankia is partly nationalized

Note: This section contains information in English only.
Source: BBC
Spanish bank, Bankia, is set to be partly nationalized, reported the central bank of Spain. Bankia, which has about 32 billion Euros in distressed assets, will obtain a 4.44 billion Euro-loan from the Spain's rescue fund that will be converted into stocks. The country's fund will have 45% stake in Bankia.


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