Bankia covered up its financial state before going public
Spain's fourth-largest bank, Bankia
Madrid - SPA
Spain's fourth-largest bank, Bankia, cooked its books as it prepared to go public in 2011 and presented data that did not accurately reflect its financial standing, Spain's central bank said Thursday, dpa reported.
Bankia exaggerated the capital it held for its 2011 listing and concealed billions of euros in losses in 2012, said the Bank of Spain report, which was presented to an investigative judge.
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Dubai - Arab Today
Dubai-based label ASMARAÏA just launched its pre-fall 2019 collection — and it’s all about cruelty-free, sustainable fashion with a festive edge. Checkmate The 15-piece collection features this checkered skirt-and-jacket ensemble that is giving us major “Clueless” vibes. Gold Rush ‘Tis the season to sparkle and this dazzling, floor-length gold skirt will do the trick. Take note of the chic black bow detail at the waist — it’s the ultimate party look. Feathered fashion The brand works with environmentally-friendly materials such as organic cotton, recycled polyester and faux fur, so you can be sure this feathered look doesn’t come at the cost of an animal’s life. Jewel Tones If you want to glisten like a polished jewel at your next festive function, this emerald-colored skirt is the perfect choice with its sequin details and shimmery overlay. Golden Girl Leopard print
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