Retail collapse staggers Spain

Retail collapse staggers Spain

Shares in Spanish bank Bankia, hit hard by Spain’s real estate collapse during the last four years, fell 28 percent on opening in Madrid on Monday, the bank’s first day back on the stock exchange after its announcement Friday that it would need a $23.8 billion bailout to bolster its defenses.

Retail collapse staggers Spain

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Shares in Spanish bank Bankia, hit hard by Spain’s real estate collapse during the last four years, fell 28 percent on opening in Madrid on Monday, the bank’s first day back on the stock exchange after its announcement Friday that it would need a $23.8 billion bailout to bolster its defenses.
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