Spain to Recapitalize Bankia After 4.45 Billion-Euro Loss
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Spain will inject capital into the Bankia group after the nationalized lender posted a 4.45 billion-euro ($5.6 billion) first-half loss.
The nation’s bank rescue fund, known as FROB, will pump from 4 billion euros to 5 billion euros into Bankia, Spain’s third-biggest lender, in the next two weeks, said a person familiar with the situation who asked not to be identified because those details aren’t public.