A Spanish court on Friday ordered Bankia and its former management, including ex-chairman Rodrigo Rato, to make a €800m deposit in the form of a guarantee to cover for potential claims linked to the Madrid-based lender’s ill-fated listing in 2011.
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Court orders Bankia and former management to make €800m deposit
A Spanish court on Friday ordered Bankia and its former management, including ex-chairman Rodrigo Rato, to make a €800m deposit in the form of a guarantee to cover for potential claims linked to the Madrid-based lender’s ill-fated listing in 2011.