The Government has Bankia's intervention on the table

Dołączył: 10 Mar 2024 Posty: 1

Rodrigo Rato insists that he can continue alone and that the measure will be impossible because they meet the solvency ratios Bankia is in the Government's sights. And the entity's intervention is on the table of Minister Luis de Guindos. At the moment, it is only an option that is being considered within the Executive, while at the bank they continue working on their project alone and respond that intervention will be impossible if they meet the solvency ratios. has learned from government sources, those around Moncloa believe that the bank chaired by Rodrigo Rato will have to consider a merger in the coming weeks to ensure its future viability. It's more. They are convinced that an operation will have to be undertaken before the end of the month. According to these sources, the Government has an intervention by Bankia on the table , as one of the options for the viability of the entity. Alone, not The Government does not believe in the project that Rodrigo Rato and his team are working on now, with the aim of the bank continuing its journey alone, without mergers of any kind.

On the contrary, the Executive is in favor of Bankia participating in the 'dance' of entities to close the map of the financial sector in Spain. But Rato resists a takeover by merger. The government sources consulted by ECD explain that Luis de Guindos ' team has one thing clear: investors are going to measure the viability and seriousness UK Mobile Number List of the Spanish financial reform by what happens with Bankia. And Spain – they conclude – cannot allow mistakes in this process because the country's trust and credibility are at stake. Minister De Guindos ' slogan is that the entity has to move forward at all costs. He is aware of his high exposure to the real estate sector and sees no other way out for his future than a merger operation . Rato is not going to change his mind Rodrigo Rato 's commitment to a solitary solution goes against the current of what the Government is promoting. And there is the clash.

The Government knocks down requests for reparation for stolen children in the dictatorship Sources close to Bankia, consulted by ECD , insist that its president has no intention of modifying his plan . Its design involves taking advantage of the exception that the new law includes so that entities with FROB money can acquire others. All of this, despite the fact that the Government has tried to convey that this exception has not been tailored to Bankia, since senior executive officials are still privately suspicious of the role of the financial group led by Caja Madrid and Bancaja as a buyer. , especially if they are entities intervened by the Bank of Spain. In Rato 's circle, it is thought that this position responds to the fact that for the Government everything would have been better resolved with a Bankia-La Caixa merger . According to financial sources, Rato does not understand that the Executive continues to 'pressure' them to participate in new integration processes. And it is supported by three reasons .

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