MADRID: Trading in two Spanish banks, Bankia and Banco De Valencia, already nationalised because of their financial difficulties, has been suspended, banking regulators CNMV announced Wednesday.
The announcement came the day after the news that Banco de Valencia was to be taken over by Caixabank, the third largest in Spain. In Bankia's case, the CNMV referred to what it described as circumstances that could disturb trading in its stocks.
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