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Bankia parent group says it lost $4.15BN in 2011
The parent company of the bank at the center of Spain's financial worries has restated its 2011 results to reflect a €3.3 billion ($4.15 billion) loss as opposed to a €41 million profit.BFA, or Banco Financiero y de Ahorros, said in a statement late Monday that about half of this revised amount stemmed from losses at Bankia, which has been nationalized by the government and will receive
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