Bankia shares slide on ‘negative value’ assessment

Shares in Bankia have slid almost 14% after Spain’s bank rescue fund said the troubled lender had a negative value of minus 4.2bn euros (£3.4bn; $5.6bn). Bankia’s parent company, BFA, which is being bailed out, was deemed to be worth minus 10.4bn euros. The assessments suggest losses on bad lo…

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Bankia shares slide on ‘negative value’ assessment

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