Rodrigo Rato leaving the High Court after being questioned by a judge investigating the alleged use of credit cards for personal expenses. Photograph: Sergio Perez

When Rodrigo Rato was nominated as the new managing director of the IMF, in the spring of 2004, it was a crowning moment for the Spanish economy. (...)

Spaniards protest against corruption after 51 people are arrested as part of an investigation involving local government contracts. Photograph: Sergio Perez/Reuters

Prime minister Mariano Rajoy apologised to Spaniards yesterday after a massive police sting against an alleged corruption ring left his conservativ(...)

Prime Minister Mariano Rajoy: says Spain’s banking system is in “stupendous” shape. Photograph: Sergio Perez/Reuters

Spanish banks were shown to need no more capital after the stress test. Liberbank, a lender with €45 billion of assets, was shown to have a €32.2 mill(...)

The Spanish high court is investigating the credit cards, which were given out by Caja Madrid savings bank and Bankia, the lender that absorbed it in 2010, and they were not registered in official accounts.

Revelations related to how 82 executives and board members of a Spanish bank were given credit cards to spend freely on personal items and without (...)

Credit cards issued by Spanish savings bank Caja Madrid.

A string of Spanish politicians and union leaders have been forced to resign from their posts due to a scandal involving their apparently lavish spend(...)

Portugal’s Banco Espirito Santo was among a number of banks named in the S&P report as needing more liquidity and funding

Some euro zone banks have insufficient liquidity and several will continue to require support from the European Central Bank after long-term funding(...)

Four bankers found guilty of financial crimes. Photograph: iStockPhoto

Six years after the start of an economic crisis that left Spain on the verge of collapse, the country has finally seen bankers sentenced for financial(...)

Bankia Chairman Jose Ignacio Goirigolzarri during a news conference in Madrid on Monday. Photograph: Reuters

Spain is preparing to start selling down its stake in Bankia SA, the bailed-out lender said yesterday, marking another milestone in the recovery from (...)

Demonstrators shout slogans during a protest this week against local government’s plans to cut spending on public health care in Madrid. Photograph: Susana Vera/Reuters

As Juana García withdraws money from an ATM in Madrid, she has conflicting feelings about the country’s banks. “They give the impression of being more(...)

Madrid has received €41 billion for its banks since requesting assistance last summer. Up to €100 billion was made available, although the government insists it will not need that amount. “On the basis of the review, it can be concluded that the programme remains on track,” said a European Commission statement. Photograph: Pablo Blazquez Dominguez/Getty Images

Spain’s banks have made substantial strides forward under the terms of a rescue loan for the financial system, European authorities reported yesterday(...)