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Former Bankia executive gets €14m payoff
A former senior executive at bailed-out Spanish bank Bankia is to receive a €14m (£11.2m) payoff in a move that will cause controversy beyond the country's borders if Europe is asked to help rescue Spain's banks. As the government seeks to raise the €19bn needed by Bankia, the news that Aurelio Izquierdo would walk away with such a large payoff raised questions about what Spain's troubled banks have been doing with their money. Another former senior Bankia executive, Matías Amat, received €6.2m for taking early retirement, aged just 58, in September. News of the payoffs came amid growing uproar over the ... (full story)