CaixaBank and Bankia received approval from their boards to merge, creating a bank worth more than $786 billion on Friday. CaixaBank will exchange 0.6845 of its shares for one Bankia share.

The deal values Bankia, which was bailed out by the government during Spain’s banking crisis in 2012, at €4.3 billion ($5.1 billion), according to Jefferies analysts. The new entity will have ...

Markets appear to have forgotten Europe’s sovereign debt crisis and the woes in Spain: on Tuesday, new shares in nationalized financial institution Bankia began trading, closing the day at €0. ...

Shares in Spain's Bankia plunged Thursday as private investors ditched the stock before an imminent EU-backed rescue wipes out much of their holdings. The European Commission agreed last month to ...

MADRID—Bankia SA said Monday that first-quarter net profit more than doubled from a year earlier as the lender, the largest to be rescued during Spain's financial crisis, cemented a turnaround ...

Bankia, a merger of seven savings banks listed on the Madrid stock market in July 2011, was forced to request a €19.5bn state rescue in May, with the government removing Rodrigo Rato, the former ...

MADRID Bailed-out Bankia on Thursday posted a full-year net loss of 19.2 billion euro ($25.2 billion), the biggest ever suffered by a Spanish company, after the lender cleaned up its balance ...

MADRID, July 9 (Reuters) - Spain's largest domestic bank Caixabank (CABK.MC), opens new tab said on Friday it agreed to sell two businesses from its recently acquired rival Bankia to Global ...

Bankia SA. (BME:BKIA) generated a below-average return on equity of 3.10% in the past 12 months, while its industry returned 9.45%. BKIA’s results could indicate a relatively inefficient ...