The chairman of Spain's Bankia, Rodrigo Rato, announced his resignation on Monday. The Spanish government is on the verge of announcing a rescue plan for the troubled bank which will be part of a wider reform of the banking sector in Spain.<br /><br />It is thought Bankia could need an injection of around 10 billion euros although this is unconfirmed. Its shares fell 3.3 percent on the news.<br /><br />...<br />http://www.euronews.net/
