Spain's Bankia vows transparency


The head of Spain's fourth-largest bank, Bankia, has promised more transparency, a day after announcing huge losses and asking for a bailout.

Jose Ignacio Goirigolzarri told a news conference a full restructuring plan would be finalised by the end of June.

The Madrid stockmarket suspended trading in Bankia shares on Friday, prior to the bank asking the state for 19bn euros.

If granted, the bailout would be the biggest of its kind in Spanish history and would largely nationalise the bank.

Tom Burridge reports.

Copyright © 2015 BBC. The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.