Spain Bank Fund to Inject 4.5 Billion Euros Into Bankia Group
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Spain’s bank rescue fund said it would inject immediately 4.5 billion euros ($5.7 billion) into the Bankia group after the lender lost 4.45 billion euros in the first half.
“With this measure, the regulatory capital situation of the group as it completes the restructuring plan is reestablished,” the fund, known as FROB, said in an e-mailed statement today.