By: CNBC.com News
December 27, 2012 at 01:17 AM EST
Bankia Shareholders Face Big Losses After Negative Valuation
Shareholders in Spain's nationalized lender Bankia face high losses after the country's bank rescue fund disclosed on Wednesday the bank has a negative valuation of 4.2 billion euros, the last step before the injection of 18 billion euros ($24 billion) of European money into the bank.
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