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. (...)

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(...)

A high-profile ally of Partido X is Tarso Genro, a former minister in the government of Brazilian president Luiz Inácio Lula da Silva and now governor of the state of Rio Grande do Sul. Photograph: Miguel Rojo/AFP/Getty Images)

They accuse the political system of being undemocratic and corrupt. They endorse free public transport and a Nuremburg-style trial for the country’s b(...)

Former Labour spin doctor Damian McBride is fitted with a microphone for a television interview on Brighton’s seafront during the Labour Party’s annual conference in the town last week. Photograph:  Chris Ison/PA Wire

Sitting in a London hotel, Damian McBride has just returned from the British Labour Party’s annual conference in Brighton, one dominated in part by Po(...)

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(...)

IMF chief Christine Lagarde arrives for the second day of a hearing by French magistrates in Paris into  her role in a €285 million arbitration agreement with a supporter of former president Nicolas Sarkozy. Photograph:  Charles Platiau/Reuters.

International Monetary Fund managing director Christine Lagarde began testifying for a second day at a Paris court investigating her decision t(...)

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(...)

Workers place a sign at a branch of Spain's nationalized lender Bankia in Madrid.

Miles Johnson in Madrid Shares in Bankia tumbled by as much as half yesterday as the final steps of the largest bank rescue in Spanish h(...)