Former IMF head begins defense in ‘Black Cards’ trial

Former IMF head begins defense in ‘Black Cards’ trial

Rodrigo Rato, a former managing director of the International Monetary Fund, goes to court Monday to defend his corporate credit card spending in a case that has become a symbol of excesses by Spain’s former savings banks. Rato is among 65 officials at Bankia SA and its founding savings bank Caja Madrid ordered to face…

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