Troubled Spanish lender Bankia has seen its share price drop over 28 percent as the stock exchange in Madrid opened on Monday morning.
The plummet of 45 cents meant shares were initially trading at 1.12 euros – a loss of more than 70 percent since the bank’s shares were listed on the stock exchange last July.
Bankia temporarily suspended trading on Friday as it was forced to ask for 19 billion euros – the largest bailout from the state in Spanish banking history.
This further request followed an injection from the government of 4.5 billion euros this month.
Bankia is heavily exposed to Spain’s collapsed property sector.
Copyright © 2014 euronewsMore about:
- 1Ukraine: Mass prisoner exchange following peace talks
- 2‘Security concerns’ halt trains between Ukraine and Crimea
- 3Russia’s new military doctrine names NATO build-up as main threat
- 4France: Angouleme council takes down anti-homeless cages around benches after outcry
- 5Schoolboy arrested for ‘insulting’ Turkish president released
- 1ISIL fighters ‘flee’ Iraq’s Sinjar as Peshmerga troops ‘make gains’
- 2‘Allahu Akbar’ lone wolf attacker shot dead by French police
- 3Who is the EU’s worst at spending Brussels’ billions?
- 4Eurasian Economic Union Summit begins with a show of disunity
- 5New Romanian President Klaus Iohannis vows to tackle corruption
- 1euronews live TV - News | euronews : the latest international news as video on demand
- 2Le Pen: I admire ‘cool head’ Putin’s resistance to West’s new Cold War | euronews, interview
- 3McCain blasts Europe’s approach to Ukraine conflict ‘a joke’ | euronews, the global conversation
- 4Moldova pro-EU parties take narrow lead in elections | euronews, world news
- 5NATO joins search for ‘Russian submarine’ off Scottish coast | euronews, world news
- 6Crude awakening: Romania’s Black Sea oil and gas finds fuel Europe’s energy hopes | euronews, reporter
- 7Ukraine reports accident at Zaporizhzhya nuclear power plant | euronews, world news
- 8The American Century comes to an end as China becomes the world’s largest economy | euronews, economy
- 9Which countries in Europe cause the most air pollution damage? | euronews, world news
- 10Israeli warplanes hit targets in Syria | euronews, world news
- 11Germans demand honour for Turkish woman beaten to death | euronews, world news
- 12Chechen ‘death’ unit fighting with rebels in eastern Ukraine | euronews, world news
- 13Belgium’s former queen Fabiola dies at 86 | euronews, world news
- 14European Union News | euronews: latest breaking news and headlines about European Union
- 15Pakistan Taliban ‘kill over 100’ in Peshawar school attack | euronews, world news
- 16Europe’s sex slave shame: is enough being done to fight human trafficking? | euronews, on the frontline
- 17France: Angouleme council takes down anti-homeless cages around benches after outcry | euronews, world news
- 18Raids across Turkey target media outlets linked to Erdogan foe Fethullah Gulen | euronews, world news
- 19euronews RADIO
- 20International tv news | euronews: European and International tv news bulletin
Wires > News
- 12:20 CET Hundreds trapped as ferry burns in heavy seas off Greece
- 12:15 CET Floods in Malaysia and Thailand kill at least 24
- 11:49 CET Turkish teenager dies amid Kurdish infighting
- 11:24 CET Croats vote for new president as economy struggles
- 10:51 CET Former world football star George Weah wins seat in Liberia’s…
- 10:48 CET Anti-Arab group poses legal, political dilemma for Israel
- 10:13 CET AirAsia flight carrying 162 people goes missing in Southeast Asia…
- 05:03 CET Strict sharia forces gays into hiding in Indonesia’s Aceh