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Bankia Group

European Stocks Retreat

Among decliners, Iberdrola SA shares dropped 3.2% after coming off a trading halt. Spanish nationalized lender Bankia said it sold its 4.9% stake in the power company, part of a larger divestment plan for the bank. Separately, Iberdrola said net profit fell 3% in the first nine months of the year.Most retail stocks held gains after sales updates. Shares of LVMH Moët Hennessy Louis Vuitton SA remained a stand-out with their rise of 3.4%. The gain came after the luxury-goods industry bellwether posted a 6% increase in first-quarter sales, excluding currency fluctuations and acquisitions.Shares of Christian Dior SA were up 2.3%, and Gucci parent Kering SA picked up 1.7%, though that gain was pared from a 4.9% rise. But shares of Marks and Spencer Group PLC dropped 2.2%, giving up an earlier rise of 3.3%. The company said fourth-quarter sales increased by 1.9%.Marks and Spencer shares had been among the best-performing on the U.K.'s FTSE 100 . The index also reversed course and was flat at...

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  1. Hunt for those at fault for Spain's bank crisis gains pace

    The arrest of a prominent former Spanish banker is raising hopes among campaigners that the hunt for those responsible for the problems inherited by Bankia and other...

  2. Banco do Brasil Expects To Announce Acquisition in U.S in May -Banker

    Latin America's largest bank in terms of assets, Banco do Brasil SA (BBAS3.BR), is in the final stages of negotiations to acquire a small bank up for sale in Florida...

  3. U.S., Latin America Are Focus for Banco do Brasil Expansion

    The focus for any overseas acquisitions by Brazil's government-run Banco do Brasil will be other countries in Latin America as well as the U.S., the bank's vice pres...

  4. British Airways owner's losses grow on Iberia hit

    International Airlines Group reported wider first-quarter operating losses on Friday, as deepening trouble at its Spanish carrier Iberia wiped out progress at Britis...

  5. Qatar Eyes Bankia's Stake in British Air Parent

    Qatar has approached International Airlines Group, the parent of British Airways, about becoming its biggest shareholder by buying a stake held by Bankia S.A. (BKIA....

  6. Bankia Chalks Up First Gains After Bailout

    Nationalized Spanish lender Bankia SA (BKIA.MC) Wednesday said its net profit was 74 million euros ($96.4 million) in the first quarter, marking its first gains afte...

  7. Aviva Completes EUR608 Million Sale of Spanish JV Share Sale to Bankia

    Insurance firm Aviva PLC (AV.LN) said Wednesday it has received 608 million Euros in cash from Bankia S.A. (BKIA.MC) following settlement and transfer of its holding...

  8. Bankia Buys 50% Stake in Aseval for EUR608 Million From Aviva

    Nationalized Spanish bank Bankia SA said Tuesday it has completed the purchase of a 50% stake in Aseval for 608 million euros ($791 million) from U.K. insurer Aviva ...

  9. Banco do Brasil Bidding For a Florida Bank Owned by Bankia

    Latin America's largest bank in terms of assets, Banco do Brasil SA, is among bidders for a small bank up for sale in Florida, as it seeks to offer more services to ...

  10. Banco do Brasil May Pay $750 Million for Bankia's Florida Unit

    Latin America's largest bank in terms of assets, Banco do Brasil SA BBAS3.BR, BDORY), is in advanced talks to buy City National Bank of Florida, a unit of Spain's Ba...

  11. Banco do Brasil May Pay $750 Million for Bankia's Florida Unit -Source

    Latin America's largest bank in terms of assets, Banco do Brasil SA BBAS3.BR, BDORY), is in advanced talks to buy City National Bank of Florida, a unit of Spain's Ba...

  12. Small businesses spell big problems for Italy and Spain

    Small companies struggling to repay loans in Italy and Spain signal bigger problems on the horizon for the euro zone after the dust has settled on Cyprus's last-ditc...

  1. Former head of Spain's Caja Madrid sent back into custody

    The former head of Spanish savings bank Caja Madrid has been ordered back into custody by a judge investigating allegations of mismanagement, a Madrid court said, as...

  2. Bankia Falls After Listing New Shares

    Shares of Bankia SA (BKIA.MC) fell Tuesday after the nationalized lender at the center of Spain's banking crisis listed 11.5 billion new shares, the result of a capi...

  3. Spain's Bankia to Sell Florida Bank to Chile's BCI for $882.8 Million

    Spain's Bankia SA (BKIA.MC) said Friday it has agreed to sell a small bank in Florida to Chilean bank Banco de Credito e Inversiones SA (BCI.SN) for $882.8 million, ...

  4. Chile's BCI Bank Acquires Bankia's City National For $882.8 Million

    Banco de Credito e Inversiones SA (BCI.SN), Chile's third largest private bank in terms of loans, said in a filing with the local banking overseer it agreed to purch...

  5. Bankia Close to Selling Florida Bank to Chile's BCI

    Spain's Bankia SA (BKIA.MC) is close to selling City National Bank of Florida to Chilean bank Banco de Credito e Inversiones SA (BCI.SN) for close to $900 million, a...

  6. Spain's Bankia Close to Selling Florida Bank to Chile's BCI - Sources

    Spain's Bankia SA (BKIA.MC) is close to selling City National Bank of Florida to Chilean bank Banco de Credito e Inversiones SA (BCI.SN) for close to $900 million, a...

  7. Bankia compensation qualms signal loss of faith in Spain's banks

    Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and c...

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