Shares in Spain's Bankia plummet for second day

Associated Press
Shares in Spain's Bankia plummet for second day

FILE - In this May 31, 2012 file photo, the Bankia bank headquarters in seen in Madrid. Shares of Spain's bailed-out bank Bankia plunged 13 percent on Thursday Dec. 27, 2012 after officials with the nation's bank bailout fund revealed the nationalized institution had a negative value of euro 4.2 billion ($5.6 billion). Bankia was formed in 2010 in a merger of seven unlisted Spanish savings banks whose heavy lending for property hurt them badly after the country's extended real estate boom collapsed in 2008. (AP Photo/Paul White, File)

View Comments (0)