Bankia hit by €1bn withdrawals report Shares in Bankia, the Spanish bank that was part-nationalised last week, plunged by more than a quarter on Thursday morning, after a report that customers had withdrawn €1bn from the bank over the past week. Shares fell 27 per cent to €1.21 after El Mundo, a national Spanish newspaper, reported customers had withdrawn the sum, citing information from a recent board meeting. The self-styled "the leader of the new banks" was formed from seven cajas last year and has now shed almost 70 per cent of its market capitalisation since its shares were listed in July of last year. The fall helped to drive the broader IBEX 35 index down 2 per cent to 6,480.7.