Bankia probe may boost Spain's pitch to Brexit banks

Madrid

THE court summons served on a clutch of current and former central bankers this week may help Spain show it's finally cleaning house after its financial crisis as it bids to tout Madrid as a haven for financial firms fleeing Brexit Britain.

Former Bank of Spain governor Miguel Angel Fernandez Ordonez was placed under investigation for his role in allowing the Bankia SA group to raise three billion euros (S$4.5 billion) in capital with a 2011 share sale a year before its near-collapse, the National Court in Madrid said on Monday. Others named as suspects include the former deputy governor Fernando Restoy, and the former head of the securities regulator CNMV Julio Segura. Three central bank officials resigned their posts after they were also named.