Bankia Stock Value Is Nearly Wiped Out Under Recapitalization Plan

MADRID — Shares in Bankia, the giant Spanish mortgage lender whose collapse last year led to a banking crisis in Spain, slumped Monday in the first day of trading after regulators wiped out most of the stock’s value.

Bankia shares suspended amid bailout request reports

Trading in shares in Spain's Bankia has been suspended in Madrid. It asked for them to be suspended ahead of a board meeting this afternoon to reformulate its accounts for 2011 and submit a plan to shore up its finances.