Bankia was Spain's biggest mortgage lender until the euro zone debt crisis in 2012 pulverized the country's banking sector, triggering a a 22.4 billion euros ($26.6 billion) state bailout.

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 boards of CaixaBank SA and Bankia SA have approved a merger that will create a leading Spanish domestic bank with assets of more than 650 billion euros ($770.22 billion). Under the terms of ...

Bankia has been the most severely hit, holding $40 billion in such toxic assets. Bankia was created from the merger of seven regional banks, or cajas, that were deemed too weak to stand alone.

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 ...

Spain's troubled bank, Bankia, asked the Spanish government for €19 billion ($23.8 billion) in financial support on Friday, the day that a leading credit rating agency downgraded it to junk stat ...

Bankia S.A. was formed in 2010 by merging seven savings banks. Back then it was one of Spain's top financial entities and heralded as the solution to the country's banking problems following the ...

Bankia reported a net loss of more than $25 billion for 2012, by far the largest in Spanish corporate history, after the bailed-out lender cleaned its balance sheet of soured property loans and ...

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.