The Bank of Spain confirms the partial nationalization of Bankia as €4.47B owed to the...

|By:, SA News Editor

The Bank of Spain confirms the partial nationalization of Bankia as €4.47B owed to the government cannot be paid back and will instead be converted into shares. "(It) continues to operate on an absolute regular jogging. Its depositors and customers (have no) cause for concern." (translated PR) (earlier)