Spanish investors turn on Bankia

Thousands of ordinary investors who lost money when Spain’s Bankia had to be bailed out barely a year after its stock market listing intend to protest at the lender’s AGM today. Shareholder activist groups have hired buses to the meeting in Valencia. Bankia received €18bn (£15.3bn) of the agreed €42bn bailout package from Europe in May. Bankia Chairman Jose Ignacio Goirigolzarri is widely expected to reaffirm the bank’s annual profit target of €800m at the meeting.