Bankia Falls on Ejection From Spain’s Market Index

Bankia Falls on Ejection From Spain’s Market Index

Angel Navarrete/Bloomberg

Bankia, formed in 2010 from the merger of seven Spanish savings banks and listed on the stock exchange in July last year at a price of 3.75 euros, has plunged in value after losses linked to real estate led it to take 18 billion euros of European funds to clean up its balance sheet.