Spain looks at possible merger of Bankia and Banco Mare Nostrum

Spain looks at possible merger of Bankia and Banco Mare Nostrum
 

Spain's bank rescue fund said on Wednesday it would look into a merger between state-owned banks Bankia (BKIA.MC) and Banco Mare Nostrum (BMN) that would potentially create a new entity with total assets of over 240 billion euros (£206 billion).
The Spanish state owns a 65 percent stake in both Bankia and BMN following a 24-billion-euro bailout at the height of the euro zone debt crisis.
In a filing to Spain's market regulator, the FROB said it had agreed to put in place the measures necessary to analyse giving the green light to a merger between Bankia, Spain's fourth largest bank, and... read more

 
28 September 2016 in Business, Views: 42
Source: Reuters
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
          1 2 3 4
    5 6 7 8 9 10 11
    12 13 14 15 16 17 18
    19 20 21 22 23 24 25
    26 27 28 29 30 31