Bankia shares suspended amid bailout request reports

Trading in shares in the Spanish lender Bankia were suspended in Madrid on the 25 May 2012. The market regulator CNMV said it was 'due to circumstances that may affect the normal share trading'.

Bankia was reported to be due to ask the government for a bailout of more than €15bn after a board meeting later on the 25 May 2012.

ESO: Background information: Spain pushes for domestic Bankia merger http://www.europeansources.info/record/spain-pushes-for-domestic-bankia-merger/

ESO: Background information: Spain denies its banks need European aid http://www.europeansources.info/record/spain-denies-its-banks-need-european-aid/

El País, 24.5.12: Government mulls grouping nationalized banks together http://elpais.com/elpais/2012/05/24/inenglish/1337860632_238631.html

EUObserver, 24.5.12: Spain: ECB cash more important than euro-plans http://euobserver.com/19/116370

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