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Wednesday, April 7, 2010 as of 11:14 AM ET

Bailout Bill

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The Emergency Economic Stabilization Act of 2008 (Division A of ), commonly referred to as a bailout of the U.S.

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Related Topics

  1. Greece Bailout
  2. American International Group
  3. AIG
  4. Bank of New York
  5. Troubled Asset Relief Program
  6. Road to Recovery
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Bankia Seeks 19 Bln Euros In Government Aid

The board of troubled Spanish lender Bankia SA [es: bkia] announced Friday that it will seek 19 billion euros ($23.

8 billion) from the government in a recapitalization plan, making it the largest bailout in the nation's history. The figure already has been agreed with the government, a source familiar with the matter said, according to The Wall Street Journal. Shares of Bankia were suspended Friday ahead of the announcement. Shares of Bankia have lost 11% this week and nearly 60% of their value for the year to date. The lender, which was partially nationalized recently, was formed out of a merger of several savings banks -a sector that has been hit hard by the collapse in Spain's construction and real-estate market and left many institutions holding bad debt. The government said it would provide all funds needed to stabilize the bank, with Economy Minister Luis de Guindos commenting earlier this week that at least 9 billion euros would be needed to help cover the bank's exposure to bad...

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