Bankia Shares Fall On New Offering

Shares in the Spanish institution Bankia SA tumbled on today’s market, after the company released new shares onto the market. This morning Bankia offered 11.5 billion new shares to the market. This afternoon the firm’s value had dropped by 5% on its home index.

Bankia shares on the market:

The huge jump in the amount of Bankia shares on the market is clearly a worry for investors, before today’s addition, there were around 20 million shares of the company on the market. Now there are close to 12 billion. In a company that has been facing severe problems for years,...