Tuesday, July 24, 2012

Spain Probes Executives' Role in Bank Collapse


Spain is launching a fraud investigation into the collapse of one of its largest banks. A Spanish court will begin an investigation into the role of senior executives in the spectacular collapse of the Spanish bank Bankia In May, as the euro crisis was escalating, Spain nationalised Bankia. In many ways, the bank's story mirrors the disastrous plight of the country's whole financial sector. Al Jazeera's Simon McGregor Wood reports.

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