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URGENT ¥¥¥ Spain's Bankia posts 19 bn euro 2012 loss

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(Globalpost/GlobalPost)

Bailed-out Spanish banking giant Bankia suffered a loss of 19 billion euros ($25 billion) in 2012, it said in an earnings statement Thursday.

Bankia has become a symbol of Spain's banking collapse. In December it received 18 billion euros in eurozone aid to rescue it after the Spanish government nationalised it in May.

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http://www.globalpost.com/dispatch/news/afp/130228/urgent-spains-bankia-posts-19-bn-euro-2012-loss