Shares in Spanish lender Bankia dropped 28.66% on the Madrid stock market Monday, after the bank sought a record 19 billion euro bailout from the state - the largest in Spanish banking history.
Barcelona marked the end of manager Pep Guardiola's reign with an emphatic 3-0 win over Athletic Bilbao in Spain's Kings Cup final on Friday. The triumph was Guardiola's 14th trophy in his eight year spell in charge of the Catalan giants.
Spain’s troubled bank, Bankia, asked the government for a 19-billion euro bailout on Friday, just hours after credit rating agency Standard & Poor’s downgraded Bankia and four other banks to junk status.
Trade in shares of Spain's fourth-largest bank was suspended Friday amid concerns that ailing Bankia would seek a multi-billion-euro government bailout. The news comes a day after Bankia shares plunged on the Madrid Stock Market.
European shares tumbled and the euro hit a four-month low against the dollar on Friday, a day after Moody’s rating agency downgraded 16 Spanish banks in a move that unnerved investors amid growing concern over the eurozone debt crisis.
Spain's Repsol oil giant and US firm Texas Yale Capital filed a class action lawsuit against the Argentinean state in New York on Tuesday for "compensatory damages" over the country's May 4 nationalisation of the firm's YPF division.
The web reflects a return to the streets by Spanish protesters. One of Barack Obama’s campaign videos causes online controversy. And child in-patients sing in a video to combat illness.
Pastor Maldonado notched Williams' first victory in nearly eight years in a thrilling Spanish Grand Prix on Sunday. The driver, who is the first Venezuelan to stand on the podium, was a 300-1 outsider going into the race.
Spain's "indignants" marched across the country in the thousands on Saturday to mark the one-year anniversary of their protest movement. Around 100,000 demonstrators took to the streets to show their anger over unemployment and austerity measures.
The Spanish government has announced yet another reform of its banking sector, the fourth in as many months. This latest effort is an attempt to finally shore up losses and protect the banking system from future risks. In the future, banks will be made to keep a total of 84 billion euros in reserve under measures that are costing Madrid another four billion euros - to add to the 15 billion they have already spent trying to do the same thing.
