|Bid||0.000 x 1239200|
|Ask||0.000 x 4019500|
|Day's Range||3.984 - 4.048|
|52 Week Range||2.972 - 4.676|
|PE Ratio (TTM)||13.88|
|Dividend & Yield||0.12 (2.57%)|
|1y Target Est||N/A|
Four former managers of Spanish savings bank Caja de Ahorros del Mediterraneo (CAM) were sentenced to prison by the country's High Court on Tuesday after being found guilty of false accounting and misleading investors about the lender's health. Former managing directors Roberto Lopez Abad and Maria Dolores Amoros were sentenced to three years, while planning and control manager Teofilo Sogorb was given four years and risk manager Jose Martinez Garcia was sentenced to two years, nine months and a day. Spain's savings banks, usually controlled by local governments or other public authorities, were hit hard by a 2008 property crash, after which many of their ill-advised real estate investments turned sour.
By Danilo Masoni MILAN (Reuters) - Spanish stocks lagged a steady European market on Monday as uncertainty over the Catalonia crisis and a profit warning from renewables energy firm Siemens Gamesa weighed. ...
Catalan leader Carles Puigdemont will speak in the regional parliament next Tuesday, a parliamentary spokeswoman said on Friday. Catalan parliamentary leaders will meet at 1330 GMT on Friday to decide the timing on this speech. It was unclear whether the meeting of the parliament scheduled for Monday to discuss the result of the banned referendum on splitting from Spain and a potential declaration of independence would still go ahead.
Spain's Constitutional Court has suspended a session of the Catalan parliament scheduled for Monday in which local leaders were expected to declare Catalonia's unilateral independence from Spain. The ruling ...
European shares fell on Wednesday with Spain's IBEX marking its biggest loss since last year's Brexit vote shook equity markets. The impact of the crisis in Catalonia spread from Madrid and Spanish banks to the wider industry and euro zone region, particularly Italy. The pan-European STOXX 600 (.STOXX) index was down 0.1 percent at its close while Spain's IBEX (.IBEX) posted a 2.9 percent loss.
LONDRA, 4 ottobre - INDICI ORE 12,12 VAR % CHIUS. 2016 EUROSTOXX50 3587,08 -0,52 3290,52 STOXX EUROPE 600 389,64 -0,28 361,42 STOXX BANCHE 187,18 -1,16 170,27 STOXX OIL&GAS 305,87 -0,71 322,47 STOXX ASSICURAZIONI ...
Spain's economy is heading in a "very good direction" and is set to grow more than the European Union, the CFO of the Spanish lender Bankia told CNBC on Thursday.
Spain will explore the possibility of selling a further stake in state-owned Bankia (BKIA.MC) later this year, Economy Minister Luis de Guindos said in an interview with Spanish newspaper ABC on Sunday. In June, Bankia, Spain’s fourth largest bank, approved a merger with mid-sized bank BMN, which is also partially state owned.
MADRID (AP) — Judicial authorities in Spain say that autopsy results show the Spanish banker involved in graft scandals who was found dead this week with a bullet to his chest deliberately shot himself.
European shares fell on Tuesday as a drop in auto stocks after Germany's Schaeffler cut its profit outlook and disappointment over a failed buyout of Stada offset gains among basic resources firms and Spain's Bankia. Autos were the biggest pain point in Europe, falling 1.7 percent after German auto parts supplier Schaeffler slashed its profit guidance on growing price pressures and high costs. Schaeffler's shares tumbled nearly 12 percent, while shares in peer Continental dropped 3.4 percent.
Bankia SA agreed to acquire Banco Mare Nostrum SA in an all-stock deal, allowing Spain to proceed with plans to sell its stake to recoup the costs of bailing out the lenders after the country’s property ...
Spain's biggest bank Santander or state-owned lender Bankia are most likely to step in to save troubled Banco Popular, sources familiar with the talks told Reuters, although a deal is still far from guaranteed. Popular is racing to find a merger partner after Spanish Economy Minister Luis de Guindos closed the door on Thursday to a potential bailout with public money, while a capital increase is facing resistance from the bank's existing shareholders.
Several Spanish banks, including state-owned Bankia, have shown interest in a potential merger with Banco Popular, as its new management considers options for how to cope with billions of euros in toxic assets. Popular's new chairman Emilio Saracho, brought in in February, has said he would consider a merger as the solution to the bank's 37 billion euros ($41 billion) of non-performing real estate assets, the highest among Spanish banks.
MADRID (AP) — Spain's National Court recommends former IMF chief Rodrigo Rato and 31 others should stand trial for fraud and falsifying financial statements in relation to the 2011 flotation of Bankia savings bank, which was later bailed out.
Rating Action: Moody's takes rating actions on Spanish banks. Global Credit Research- 10 May 2017. Rating actions follow the change in the country's Macro Profile to' Strong-' from' Moderate+'.
The two failed lenders will be pushed together as part of an effort by Spanish authorities to recover bailout funds