Former IMF chief Rodrigo Rato has been put on trial following allegations related to Switzerland-based
Bankia.
In February 2017, Rato was found guilty alongside 63 other defendants of fraud and embezzlement at Spanish bank
Bankia while he was its director.
About pound 12m (APS10.1m; $12.7m) was spent from Caja Madrid and
Bankia in 2003-12.
Madrid/London: Fitch Ratings has revised the Outlook on
Bankia's (
Bankia; BBB-/Positive/F3) mortgage covered bonds (Cedulas Hipotecarias or CH) to Positive from Stable and affirmed the rating at 'A'.
Rato and 64 other executives and former board members from lender
Bankia and its founding savings bank Caja Madrid are accused of illegally spending e1/412m for personal use on so-called "black cards" between 2003 and 2012.
Summary: Bailed-out Spanish financial giant
Bankia announced Saturday an 83 percent jump in its 2014 net profits to e1/4747 million, though the group remains under investigation for an ill-fated 2011 stock listing.
Realia's other main shareholder, Spain-based commercial bank
Bankia SA (BME:BKIA), might also offload its holding to Hispania, according to one of the sources close to the matter.
(NYSE: DBD) said it is driving an extensive update of the entire automated teller machine fleet for
Bankia, S.A., one of Spain's top financial institutions, through a comprehensive managed services project.
TELECOMWORLDWIRE-August 11, 2014-Spain's
Bankia updates ATM fleet with Diebold
Bankia - giant shipworms