Spanish ex-governor to appear in court over ‘Bankia affair’
Three Bank of Spain employees resign over investigation of commercial bank collapse
A Spanish court has ruled that the Bank of Spain's ex-governor, its former deputy governor, and three of its current employees must appear in court over the so-called "Bankia affair".
Bankia, one of Spain's largest commercial banks, was allowed to float on the stock market by regulators, including the Bank of Spain, in July 2011. Less than a year later, in May 2012, Bankia was declared insolvent and the Spanish government took a 45% stake in it. Bankia has since been subject to a major
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