News Summary: Spain to add to bank rescue fund
FUND INJECTION: The Spanish government is injecting another €6 billion ($7.5 billion) into its bank rescue fund to cope with growing problems in its financial sector.
CAPITAL BASE: The extra cash will raise the capital base of the bank rescue fund to €15 billion.
BANK EMERGENCY: The fund needs the new money to make an emergency cash injection of €4.5 billion ($5.7 billion) into Bankia SA, the nationalized lender. Like many of Spain's banks, Bankia is saddled with huge amounts of soured real estate investments left over from the 2008 property market crash.