Directors from CaixaBank and Bankia Thursday approved their merger into Spain's biggest lender in a move which will transform the landscape of Spanish banking.
Former IMF chief Rodrigo Rato said Tuesday Spain's central bank knew all that was going on at Bankia as he testified for the first time in a trial over the alleged fraudulent listing of the bank he once led.
A mega-trial harking back to the dark years of Spain's economic crisis kicks off Monday over the alleged fraudulent 2011 listing of financial giant Bankia, with former IMF leader Rodrigo Rato in the dock.g
A Spanish court on Friday ordered former IMF head Rodrigo Rato to stand trial for fraud over the failed 2011 listing of Bankia, a bank he led which later needed rescuing by the state.
Miguel Blesa, the disgraced former chairman of Spanish savings bank Caja Madrid was found dead at his country estate on Wednesday, where he reportedly shot himself in the chest.
Former IMF chief Rodrigo Rato was handed a jail sentence of four years and six months Thursday for misusing funds when he was the boss of two Spanish banks.
Bankia, Spain's fourth largest bank that was bailed out by the state in 2012, on Monday reported a much steeper drop in net profit for last year than analysts had expected.
Former IMF chief Rodrigo Rato said on Tuesday that using the funds of banks he headed up for personal use was "completely legal," as he took the stand in a trial for embezzlement.
Former IMF chief Rodrigo Rato stands trial on Monday accused of overseeing a "corrupt system" that helped him and other executives misuse funds on hotels, parties and luxury shopping when he was a Spanish bank boss.
A leaked phone conversation between Spain's Queen Letizia and a businessman embroiled in a bank scandal set Twitter ablaze Wednesday, just as King Felipe VI attempts to revive the scandal-hit monarchy.
Three members of the European Parliament have written to the European Commission asking them to investigate Gareth Bale's world record transfer from Tottenham Hotspur to Real Madrid in 2013 on accusations of illegal state aid.
Spain's bailed-out bank Bankia on Wednesday offered to pay back thousands of small investors who bought into its failed stock market listing in 2011 up to €1.8 billion ($2.0 billion) in a bid to end legal actions against it.
A class action lawsuit against Spain's Bankia opened on Thursday with 660 small shareholders who say they were misled during the financial giant's 2011 stock listing asking to be reimbursed €6.3 million ($7 million)
Spain's Supreme Court ruled on Wednesday that "serious inaccuracies" in financial giant Bankia's 2011 stock listing led investors into error, opening the way for hundreds of millions of euros in compensation
Spanish prosecutors asked Thursday that former IMF chief Rodrigo Rato be jailed for more than four years for allegedly misusing credit cards for personal use while head of a bank that was later bailed out.
Bailed-out Spanish financial giant Bankia announced Saturday an 83 percent jump in its 2014 net profits to €747 million, though the group remains under investigation for an ill-fated 2011 stock listing.
Bailed-out Spanish financial giant Bankia misrepresented its accounts ahead of its doomed 2011 stock listing which coincided with suspect buying and selling of its shares, central bank experts claimed on Thursday.
Scandal-hit Bankia on Friday announced improved earnings on the back of reduced bad debt ratios, news that comes in the midst of allegations top executives at the institution used 'secret' cards to make lavish personal purposes.
Spanish authorities are taking a tougher line against dirty dealing by the country's long untouchable political elite as a lengthy economic downturn fuels public outrage.
Former International Monetary Fund boss Rodrigo Rato and the ex-President of failed Spanish lender Caja Madrid Miguel Blesa are to face questions in court as part of a probe into alleged credit card fraud by top bank executives.
The former head of the International Monetary Fund Rodrigo Rato is one of 86 top executives at Spain's Caja Madrid and Bankia banks accused of using company credit cards to buy over millions of euros worth of luxury items for personal use.
Santander, the eurozone's biggest bank by market value, said on Thursday its profits jumped by more than a third in the second quarter as its ratio of risky assets eased.
Spain's last big nationalized bank, Bankia, said on Monday its first-half net profit rose by almost half as its losses from bad loans dropped amid a pickup in the economy.
Spain's state-owned bank Bankia, which was nationalized on 2012 to save it from collapse, said Monday its first-quarter net profit more than doubled from the same time last year.
