Good afternoon, We are still trying to find what may be the shocking aspect of the FROB’s estimate of BFA/Bankia group’s losses before putting in more capital.  Bankia’s new management warned of a capital shortfall of 23bn months ago.  Perhaps … Continue reading →

Good afternoon, As we approach the end of the year, the FROB’s decision on the severity of expropriation to Lower Tier II holders is getting closer.  We know that the FROB as the executioner of the Commission’s Financial Alchemy has … Continue reading →