[QODLink]
Europe

Bankia investors see life savings dwindle

Some Spaniards to take state-owned bank to court in bid to recoup losses after shares plummeted.

Last Modified: 29 May 2013 20:18
Email Article
Print Article
Share article
Send Feedback

Small-scale investors in Spain say they have been cheated out of their life savings after billions of dollars were wiped off the value of the state-owned bank Bankia.

Ordinary shareholders were able to trade their shares this week - but at a fraction of the price they originally paid for them.

Now some are trying to fight back through the courts.

Al Jazeera's Paul Brennan reports from Madrid.

68

Source:
Al Jazeera
Email Article
Print Article
Share article
Send Feedback
Topics in this article
People
Country
City
Featured on Al Jazeera
'Justice for All' demonstrations swell across the US over the deaths of African Americans in police encounters.
Six former Guantanamo detainees are now free in Uruguay with some hailing the decision to grant them asylum.
Disproportionately high number of Aboriginal people in prison highlights inequality and marginalisation, critics say.
Nearly half of Canadians have suffered inappropriate advances on the job - and the political arena is no exception.
Featured
Women's rights activists are demanding change after Hanna Lalango, 16, was gang-raped on a bus and left for dead.
Buried in Sweden's northern forest, Sorsele has welcomed many unaccompanied kids who help stabilise a town exodus.
A look at the changing face of North Korea, three years after the death of 'Dear Leader'.
While some fear a Muslim backlash after café killings, solidarity instead appears to be the order of the day.
Victims spared by the deadly disease are reporting blindness and other unexpected post-Ebola health issues.