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Bankia’s chief executive Jose Ignacio Goirigolzarri looks on during the annual shareholder meeting of Spain’s largest nationalised bank in Valencia last week.

Spain’s state-rescued lender Bankia posted a forecast-beating 12.8 per cent rise in first-quarter net profit to €244 million on Monday, though low i(...)

Former IMF head and former Spanish Economy minister Rodrigo Rato (centre) is surrounded by the media as he leaves his office  in Madrid last week. Photograph:   Gerard Julien/AFP/Getty Images

Spain is only a month away from local elections in which a new generation of young politicians promising sweeping changes is expected to burst onto(...)

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 (...)

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