Bank of Spain backs its officials over doomed Bankia listing

The Bank of Spain said on Tuesday its staff had acted correctly in their oversight of Bankia and its ill-fated stock market listing, after a court said it would investigate several former officials at the central bank. A casualty of Spain's real estate crash, state-controlled Bankia had to be bailed out in 2012, less than a year after it was floated, causing losses for many ordinary Spaniards. Spain's High Court, which has been looking into who knew what about Bankia's troubled state before it w