Feb
14
Spanish Court Orders Criminal Inquiry Into Oversight of Bankia I.P.O.
By
A Bankia location in Madrid. The collapse of the bank a year after its initial public offering prompted Spain’s banking bailout. CreditAndrea Comas/Reuters
MADRID — Spain’s national court on Monday ordered a criminal inquiry into whether a former governor of the country’s central bank and seven other regulatory officials knowingly ignored financial problems at Bankia, the giant savings bank whose near collapse prompted Spain’s banking bailout in 2012.
The court said in a statement that there was sufficient evidence to indict the officials in connection with Bankia’s initial public offering in 2011, a year before the bank’s forced nationalization…
Spanish Court Orders Criminal Inquiry Into Oversight of Bankia I.P.O.
