In the opinion of Enrique Marazuela, Head of Economic Analysis at BBVA Research, “the new normal will be much more technological than the old one.” “We have taken a giant step: we had the technological solutions on the table, but perhaps due to previous inertia we did not adopt them,” he added. This is one […]
Tag: BBVA
BBVA finalizes a cost adjustment in Spain and boosts the dividend after leaving the US
BBVA opens the door to a restructuring of the workforce and branch network in Spain in line with those that other large banks are undertaking. The group that leads Carlos Torres Until now, it had denied its intention to face an extraordinary reduction of costs in this way, although it justifies that “the changing needs […]
Santander, Inditex, AENA and Red Eléctrica, among the 56 Spanish listed companies to which the ‘Tobin rate’ will be applied
The Tax agency has encrypted in 56 the number of listed Spanish companies whose shares, as of December 16, 2020, had a market capitalization value of more than 1,000 million euros and whose purchase of titles will be applied the new tax on financial transactions, known as ‘tasa Tobin’. This is clear from the list […]
Torres (BBVA): “European recovery funds must reach SMEs, the self-employed and families”
The president of BBVA, Carlos Torres, believes that the role of banks in the management of European funds would be crucial for the money to reach small companies and families, preventing it from being distributed only between infrastructure and environment megaprojects concentrated in large multinationals. The Madrid banker focuses specifically on the renovation of homes. […]
Oliu will leave his executive duties at Banco Sabadell with the arrival of González Bueno as the new CEO
The Chairman of Banco Sabadell, Josep Oliu, will leave his executive duties with the incorporation of Casar González Bueno as the new CEO to replace Jaume Guardiola, who retires after thirteen years as chief executive of the entity. The information has been advanced by the newspaper El PaÃs. The changes in the leadership of Banco […]
The ‘joint venture’ of BBVA and Allianz Seguros begins operating in Spain
BBVA has announced the birth of BBVA Allianz Seguros, the joint venture of bancaseguros agreed with Allianz in April, after the transfer from BBVA Seguros to Allianz of half plus one share of BBVA Seguros Generales for about 274 million euros. After having obtained all the necessary authorizations, and within the framework of their agreement […]
95% of Ibero-American companies are willing to collaborate with the competition to overcome systemic challenges
The covid crisis It has caused a radical change in the business world since its consequences have focused on the need for companies to implement action plans in RSC (Corporate social responsibility) and in the sustainability. The trend has led to 95% of Ibero-American companies are willing to collaborate with your competition to overcome the […]
Competition receives the CaixaBank-Bankia transaction and starts the merger clock
The National Markets and Competition Commission (CNMC) has already received the notification of the merger between CaixaBank and Bankia, which means the start of the countdown for the operation to be completed. The regulator now has one month to assess whether the creation of the ‘superbank’ reduces competition in the market and, in this case, […]
Oliu will occupy the vice-presidency of the new BBVA-Sabadell to preserve its Catalan status
BBVA will maintain control of the new superbank that will result from the merger between the Basque entity and Sabadell. The managers of both groups are making progress in the integration negotiations and there is already an agreement for the distribution of charges in the governance of the new group, in the absence of these […]
The PNC finance company plans to buy the US division of BBVA
The financial services company PNC, one of the largest of United States, is in advanced talks to acquire the US division of the Spanish bank BBVA, which would be one of the largest unions of banking entities since the financial crisis of 2008, reported this Sunday the Wall Street Journal. The transaction, which could […]
