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. (...)

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 (...)

Bankia, Spain’s fourth largest bank saw its shares plummet at the end of last week to 65 cents, having lost about 90 per cent of their value since the start of the year.

Spanish lender Bankia suffered another day of losses on the stock market yesterday as speculation mounted ahead of a capital expansion planned for tod(...)

Former president of Caja Madrid Miguel Blesa is the first top financier detained in Spain since the financial crisis began. Photograph:  Reuters/Sergio Perez

Spanish judges this week sent the strongest signal yet that they intend to crack down on former executives at bailed-out banks by putting the e(...)