Author (Corporate) | BBC |
---|---|
Series Title | BBC News |
Series Details | 18.5.12 |
Publication Date | 18/05/2012 |
Content Type | News |
Ratings agency Moody's cut the credit ratings of 16 Spanish banks on the 18 May 2012, a further blow to a country that was struggling to deal with the bad debts of its banking sector. Shares of Bankia, the Spanish bank that was partly nationalized in the previous, went into a steep decline on the 17 May 2012 on reports of a run on the bank’s deposits that was subsequently quashed both by the lender and the government. |
|
Source Link | Link to Main Source http://www.bbc.co.uk/news/business-18100049 |
Related Links |
|
Subject Categories | Business and Industry |
Countries / Regions | Spain |