Former Bankia executives reject blame for bank’s fall

Former chiefs of nationalised Spanish lender Bankia denied blame for its fall at court hearings, as they attempted to fend off a lawsuit from small shareholders who lost out in the company’s stock market flotation.

Rodrigo Rato, a former International Monetary Fund head and the last of 33 former executives accused of fraud, price-fixing and falsifying accounts, appeared before the judge in a 3-1/2 hour private session on Thursday.

via Business feed http://www.scmp.com/business/banking-finance/article/1109731/former-bankia-executives-reject-blame-banks-fall