“Shares in Bankia have slid almost 20% after Spain’s bank rescue fund said the troubled lender had a negative value of -4.2bn euros (£3.4bn; $5.6bn).
Bankia’s parent company, BFA, which is being bailed out, was deemed to be worth -10.4bn euros.
The assessments suggest losses on bad loans are even worse than expected.”
Source:BBC News – Bankia shares slide on ‘negative value’ assessment
