04-12-2014 18:27 via news.yahoo.com

Bankia presented flawed accounts for IPO year: report

By Jesús Aguado and Sarah White MADRID (Reuters) - Spain's Bankia presented a series of error-strewn accounts for 2011, the year it listed shares, according to a report released on Thursday as part of a long-running court investigation into its flotation and state bailout. Hundreds of thousands of small investors lost money after Bankia needed a massive rescue in 2012, less than a year after the lender's mid-2011 stock market listing. Some have alleged they were cheated when they boug
Read more »