Auditor “gave warning” before collapse that Bankia was not viable
Testimony of Deloitte partner Francisco Celma at odds with that of failed lender’s managers
Government in talks with banking sector to jumpstart credit flow to companies
PM wants to announce new measures to increase lending to small and midsized enterprises
Ex-central bank chief complains about minister’s meddling in Bankia
Shares of nationalized bank continue to plunge hitting lowest ever level
Bankia to lay off 4,500 employees after accord with unions
Severance pay set at 30 days wages per year in service
Executives convicted of offenses will be allowed to head up Spanish banks
New government plan would see Bank of Spain have final word over “integrity” of candidate
Reforms to bank laws will not cap directors’ salaries
Legislation will ensure board members are properly qualified
Bank of Spain tightens supervision of lenders
Íñigo de Barrón / Agencies|
All 16 major banks will have embedded inspectors
Bank of Spain “looked the other way” over malpractice, says damning report
Inspectors' association points to numerous "filters" between detection of wrongdoing and supervisor's reaction
Bankia plans to lay off 5,000 workers and cut wages
Bank proposes capping compensation at 14 months’ salary
Spain to ask for further €1.5 billion for four banks
Ceiss needs 850 million to meet capital requirements
Bankia to make record loss of 19 billion euros this year
Bank expects return to profits in 2013 and will shed some 6,000 jobs under EC-imposed restructuring plan
La Caixa to buy stricken Banco de Valencia: sources
Nationalized bank offloaded for “very small” amount
Brussels demands massive job cuts at Bankia in exchange for bailout
Novagalicia and other nationalized banks also facing cutbacks as European Commission finalizes 35-billion-euro operation
Bankia suffers biggest ever loss by Spanish bank
Lender booked a shortfall of 7.053 billion euros in first nine months, suffering huge run on deposits in period
Government wants to limit size of bad bank to a maximum of 90 billion euros
Lenders may also transfer consumer loans, company credit and real estate assets
“It’s unfair that this examination has only been applied to Spanish banks”
After the third round of stress tests, analysts foresee no more than 10 entities surviving Local lenders respond to results of Oliver Wyman audit on the sector
Santander and BBVA among banks seen passing stress tests
La Caixa, Kutxa, Bankinter and Sabadell also get pass grade Audit by Oliver Wyman to confirm Bankia needs 26-billion-euro injection
Brussels holds back bailout funds until needs of banks clarified
EU may wait until end of November for bank bailout
Cabinet approves financial reform that tightens controls on lenders
‘Bad bank’ will have up to 15 years to sell off toxic real estate assets
PP changes tack and orders Rato to explain Bankia crash
Socialists accuse PP of reversing stance "late, poorly and swept along by events"
Luis María Linde named new Bank of Spain governor
Bank director will replace outgoing head Miguel Ángel Fernández Ordóñez New governor will oversee an expected European bailout for the Spanish banking system
PP opts for loyal technocrat to take over ailing state broadcaster RTVE
Socialists announce they will appeal process in the Constitutional Court
Liberbank and Ibercaja announce merger to create Spain’s seventh-biggest lender
Popular Español negotiating the sale of its internet banking unit to meet provisioning requirements
Bankia’s new chairman proposes lender's partial nationalization
State would convert a 4.464-billion-euro loan into shares for a controlling interest Prime Minister due on Friday to announce further reforms to the banking system
Rato resigns as Bankia chairman ahead of government shake-up
Lender expected to receive an injection of public funds in the form of convertible bonds
Bank of Spain and government prepare Bankia refinancing plan
Market sources say lender and parent group BFA will need up to 10 billion euros
La Caixa buys Banca Cívica to create Spain’s biggest bank in terms of assets
All-share bid at discount to market price