Spain loses €12 billion in sale of ‘failed’ bank

Spain loses €12 billion in sale of ‘failed’ bank

Spain has sold the country's 'failed' Catalunya Bank for just €1.2 billion ($1.62 billion), racking up nearly €12 billion losses in the deal, or around the same figure as that saved by the government with its austerity cuts.

Catalunya Banc shelves sale plans as bids flop

Catalunya Banc shelves sale plans as bids flop