MADRID, Feb 27 (Reuters) – Spain’s Bankia will
find out on Friday how much it will have to pay of a maximum 780
million euros ($874 million) in compensation costs for investors
who bought into its share listing, a source familiar with the
The lender, once a symbol of Spain’s financial crisis, is
hoping to remove any uncertainty over the final bill it will
have to shoulder ahead of its results presentation on Saturday,
the source also said.
MADRID, Feb 26 (Reuters) – State-controlled lender Bankia
is to publish its annual results on Saturday, even
though the Spanish authorities have yet to decide how much the
bank should pay to compensate investors in its stock market
listing in 2011.
Hundreds of thousands of small investors, who bought shares
in the sale, lost money when Bankia had to ask for a 22.5
billion euro ($25.25 billion) rescue a year after the initial
MADRID, Feb 26 (Reuters) – Spanish oil group Repsol
said its 2014 adjusted clean net profit jumped 27 percent thanks
to refining margins that more than offset the fall in revenue in
its production business due to plummeting world oil prices.
Unlike other European competitors which are cutting back on
spending and investments in the face of lower energy prices,
Repsol last year announced the acquisition of Talisman Energy
to grow its exploration and production arm.
MADRID, Feb 13 (Reuters) – Spain’s High Court on Friday gave
state-rescued Bankia and several former executives a
month to deposit 800 million euros ($911 million) against
potential liabilities related to the bank’s public listing.
The court order is the latest step in a case that has come
back in recent months to haunt the government-controlled lender,
once the symbol of Spain’s financial crisis, even as it returns
to profit following a costly bailout.
MADRID (Reuters) – Greece will be able to reach agreement with its European partners and any turmoil poses little risk for Spain where the government is poised to raise its growth forecasts, Spanish Economy Minister Luis de Guindos said.
De Guindos, who has long been tipped to lead the Eurogroup of euro zone finance ministers, said it was not yet clear what Greece’s new anti-austerity government was proposing as an alternative to deal with its foreign debt.