SAN FRANCISCO . European Central Bank ( ECB ) reportedly refused
requests Spain to recapitalize Bankia SA with government bonds . This Financial
Times newspaper quoted a source with knowledge of the incident immediately
.
Spain plans boosted spending by 19 billion euros or U.S. $ 24 billion through bonds to recapitalize the parent Bankia through a cash fund within three months . European Central Bank was forced to reject the plan because of violation of EU rules .
Largest bank with assets in Spain 's fourth request bailout funds to strengthen the structure , liquidity and capital stability . Health care Matador State banking industry getting worse lately . Investor uncertainty induced liquidity crunch put the funds in the bank .
Spain plans boosted spending by 19 billion euros or U.S. $ 24 billion through bonds to recapitalize the parent Bankia through a cash fund within three months . European Central Bank was forced to reject the plan because of violation of EU rules .
Largest bank with assets in Spain 's fourth request bailout funds to strengthen the structure , liquidity and capital stability . Health care Matador State banking industry getting worse lately . Investor uncertainty induced liquidity crunch put the funds in the bank .
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