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Bankia Fosteri
Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution. As of 2017, Bankia was the fourth largest bank in Spain, with total assets of €179.1 billion. In 2021, the bank merged with CaixaBank to create a new entity, initially preserving its original name. History Formation and IPO Bankia was formed on 3 December 2010, as a result of the union of seven Spanish savings banks that had a major presence in their historical core regions. The merger of the seven banks, known as 'cold fusion', took only four months, with the integration contract being signed on 30 July 2010. Caja Madrid, which was itself owned by the government of the Community of Madrid, held controlling interest. The distribution of shares was as follows: * 52.06% Caja Madrid * 37.70% Bancaja * 2.45% La Caja d ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bankia Logo
Bankia () was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional Savings bank (Spain), savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution. As of 2017, Bankia was the fourth largest bank in Spain, with total assets of €179.1 billion. In 2021, the bank merged with CaixaBank to create a new entity, initially preserving its original name. History Formation and IPO Bankia was formed on 3 December 2010, as a result of the union of seven Spanish savings banks that had a major presence in their historical core regions. The merger of the seven banks, known as 'cold fusion', took only four months, with the integration contract being signed on 30 July 2010. Caja Madrid, which was itself owned by the government of the Community of Madrid, held controlling interest. The distribution of shares was as follows: * 52.06% Caja Madrid * 37.70% Ban ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Valencia, Spain
Valencia ( , ), formally València (), is the capital of the Province of Valencia, province and Autonomous communities of Spain, autonomous community of Valencian Community, the same name in Spain. It is located on the banks of the Turia (river), Turia, on the east coast of the Iberian Peninsula on the Mediterranean Sea. It is the Ranked lists of Spanish municipalities, third-most populated municipality in the country, with 825,948 inhabitants. The urban area of Valencia has 1.5 million people while the metropolitan region has 2.5 million. Valencia was founded as a Roman Republic, Roman colony in 138 BC as '. As an autonomous city in late antiquity, its militarization followed the onset of the threat posed by the Spania, Byzantine presence to the South, together with effective integration to the Visigothic Kingdom of Toledo in the late 6th century. Al-Andalus, Islamic rule and acculturation ensued in the 8th century, together with the introduction of new irrigation syst ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rodrigo Rato
Rodrigo de Rato y Figaredo (born 18 March 1949) is a businessman and politician who served in the Council of Ministers of Spain from 1996 to 2004. He also served as the ninth managing director of the International Monetary Fund (IMF) from 2004 to 2007 and the president of Bankia from 2010 to 2012. Rato was arrested on 16 April 2015 for alleged fraud, embezzlement and money laundering. His case was still awaiting trial a year later when his name appeared in the Panama Papers. Despite his prior assurances that he did not own companies in tax havens, apparently he used two offshore companies to avoid taxes on millions of euros kept overseas. It has been alleged that he owes taxes to both the Spanish and Panamanian governments. On 23 February 2017, Rato was found guilty of embezzlement of about 100,000 euros (in the so-called case "black cards") and sentenced to 4½ years' imprisonment. In September 2018, the sentence was confirmed by the Supreme Court of Spain, and Rato entered p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IBEX 35
The IBEX 35 (IBerian IndEX) is the benchmark stock market index of the Bolsa de Madrid, Spain's principal stock exchange. Initiated in 1992, the index is administered and calculated by Sociedad de Bolsas, a subsidiary of Bolsas y Mercados Españoles (BME), the company which runs Spain's securities markets (including the Bolsa de Madrid). It is a market capitalization weighted index comprising the 35 most liquid Spanish stocks traded in the Madrid Stock Exchange General Index and is reviewed twice annually. Trading on options and futures contracts on the IBEX 35 is provided by MEFF (Mercado Español de Futuros Financieros), another subsidiary of BME. History The IBEX 35 was inaugurated on January 14, 1992, although there are calculated values for the index back to December 29, 1989, where the base value of 3,000 points lies. Between 2000 and 2007, the index outperformed many of its Western peers, driven by relatively strong domestic economic growth which particularly helped ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bolsa De Madrid
(; Madrid Stock Exchange) is the largest and most international of Spain's four regional stock exchanges (the others are located in Barcelona, Valencia, and Bilbao) that trade shares and convertible bonds and fixed income securities, and both government and private-sector debt. is owned by . Structure and operations The reorganisation of Spain's financial market under the national umbrella of the Spanish Stock Market includes the ''bolsas'', the derivatives markets, and fixed-income markets. Trading is linked through the electronic Spanish Stock Market Interconnection System (SIBE), which handles more than 90% of transactions; all fixed-income assets are traded through SIBE. The Madrid Stock Exchange General Index (IGBM) is the exchange's principal index and represents the construction, financial services, communications, consumer, capital/intermediate goods, energy, and market services sectors. The IBEX 35 Index is a capitalization-weighted index comprising the 35 most liq ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Preference Share
Preferred stock (also called preferred shares, preference shares, or simply preferreds) is a component of share capital that may have any combination of features not possessed by common stock, including properties of both an equity and a debt instrument, and is generally considered a hybrid instrument. Preferred stocks are senior (i.e., higher ranking) to common stock but subordinate to Corporate bond, bonds in terms of claim (or rights to their share of the assets of the company, given that such assets are payable to the returnee stock bond) and may have priority over common stock (ordinary shares) in the payment of dividends and upon liquidation. Terms of the preferred stock are described in the issuing company's articles of association or articles of incorporation. Like bonds, preferred stocks are rated by major credit rating agency, credit rating agencies. Their ratings are generally lower than those of bonds, because preferred dividends do not carry the same guarantees as inte ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
FROB
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Community Of Madrid
The Community of Madrid (; ) is one of the seventeen autonomous communities and 50 provinces of Spain, provinces of Spain. It is located at the heart of the Iberian Peninsula and Meseta Central, Central Plateau (); its capital and largest municipality is Madrid. The Community of Madrid is bounded to the south and east by Castilla–La Mancha and to the north and west by Castile and León. It was formally created in 1983, in order to address the particular status of the city of Madrid as the capital of the Spanish State and in urban hierarchy. Its boundaries are coextensive with those of the province of Madrid, which was until then conventionally included in the historical region of New Castile (Spain), New Castile (''Castilla la Nueva''). The Community of Madrid is the third most populous in Spain with 7,058,041 (2024) inhabitants, roughly a seventh of the national total, mostly concentrated in the metropolitan area of Madrid. It is also the most densely populated autonomous comm ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Caja Madrid
Caja Madrid, formally the Caja de Ahorros y Monte de Piedad de Madrid, headquartered in Madrid, ." Caja Madrid retrieved on 7 January 2011. "Plaza de Celenque, 2. 28013 Madrid" was the oldest of the Savings bank (Spain), Spanish savings banks. It was founded on 3 December 1702, by Francisco Piquer Rodilla, an Aragonese priest. Caja Madrid was the regional-owned bank of the Community of Madrid (Comunidad de Madrid). On 30 July 2010, Caja Madrid signed an agreement to merge with six other savings banks to form Bankia on 3 December 2010. Caja Madrid held a 52.6 percent controlling interest in the new company. History The Monte de Piedad de Madrid did not charge interest on its loans until 1836 when a charge was introduced to cover operating costs of the organisation. In 1838, by ...[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Wall Street Journal
''The Wall Street Journal'' (''WSJ''), also referred to simply as the ''Journal,'' is an American newspaper based in New York City. The newspaper provides extensive coverage of news, especially business and finance. It operates on a subscription model, requiring readers to pay for access to most of its articles and content. The ''Journal'' is published six days a week by Dow Jones & Company, a division of News Corp. As of 2023, ''The'' ''Wall Street Journal'' is the List of newspapers in the United States, largest newspaper in the United States by print circulation, with 609,650 print subscribers. It has 3.17 million digital subscribers, the second-most in the nation after ''The New York Times''. The newspaper is one of the United States' Newspaper of record, newspapers of record. The first issue of the newspaper was published on July 8, 1889. The Editorial board at The Wall Street Journal, editorial page of the ''Journal'' is typically center-right in its positio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government Of Spain
The government of Spain () is the central government which leads the executive branch and the General State Administration of the Kingdom of Spain. The Government consists of the Prime Minister and the Ministers; the prime minister has the overall direction of the Ministers and can appoint or terminate their appointments freely. The ministers also belong to the supreme decision-making body, known as the Council of Ministers. The Government is responsible before the Parliament (), and more precisely before the Congress of the Deputies, a body which elects the Prime Minister or dismisses them through a motion of censure. This is because Spain is a parliamentary system established by the Constitution of 1978. Its fundamental regulation is placed in Title IV of the Constitution, as well as in Title V of that document, with respect to its relationship with the , and in Law 50/1997, of 27 November, of the Government. According to Article 97 of the Constitution and Article 1.1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
