Rodrigo Rato, chairman of Spanish savings bank Bankia, delivers ...
Jul 20th, 2011
(Reuters) - Rodrigo Rato, chairman of Spanish savings bank Bankia, delivers a speech after its bourse debut in Madrid July 20, 2011. Shares in Bankia made a tepid bourse debut on Wednesday, opening below a deeply-discounted 3.75 euros initial public offering price and sliding further. Bankia, formed from the merger of seven regional banks, raised 3.1 billion euros ($4.4 billion) on Monday when it slashed its IPO price to 3.75 euros at the 11th hour to attract investors amid a spiralling euro zone debt crisis. REUTERS/Andrea Comas (SPAIN - Tags: BUSINESS) -
By Clara Ferreira-Marques and Emma Farge LONDON/ZUG, Switzerland (Reuters) - Glencore Xstrata Chairman John Bond surprised investors on Thursday by announcing he had been voted out of the top job at the miner and trader at the group's first annual shareholders' meeting. Bond gave no explanation, but as the meeting began in Zug, Switzerlan... [Full Article]
By Matt Scuffham LONDON (Reuters) - The Co-operative Bank has stopped offering loans to new business customers, part of measures designed to quell growing concerns over its capital position. A spokesman for Britain's biggest customer-owned financial services business said it would continue to provide lending to existing customers. The freeze d... [Full Article]
MADRID (Reuters) - Small investors in shares of in Spain's nationalised lender Bankia suffered new massive losses on Thursday as the stock plunged by more than 50 percent amid an abnormally high volume of trading which the stock market regulator said would be looked at closely. Tens of thousands of small savers, who were often missold preferen... [Full Article]
BEIJING (AP) - A top North Korean envoy delivered a letter from leader Kim Jong Un to Chinese President Xi Jinping on Friday and told him Pyongyang would take steps to rejoin stalled nuclear disarmament talks, in an apparent victory for Beijing's efforts to coax its unruly ally into lowering tensions. (Source: Associated Press)... [Full Article]