The Chairman & CEO of BBVA, Francisco González, stressed at the summit in Turkey that authorities should start to wrap up the financial reform agenda to take a breather and analyze its impact on the recovery. “Regulation must focus on growth and not just financial stability,” said Francisco González at the summit, where business leaders share their opinions with politicians on the major challenges facing the global economy.
Finance
Finance
Since the outbreak of the crisis in 2008, each G20 (Group of 20) summit arouses a great deal of international expectation. The one held in Turkey has been no exception. Antalya not only plays host to the leaders of the 20 most important countries in the world, accounting for 85% of the global economy; also present will be the business leaders of these 20 economies, at the B20 (Business 20)
BBVA Research maintains its growth forecast for Spain at 3.2% in 2015 and 2.7% in 2016, according to the latest report Spain Economic Outlook presented this Tuesday by Jorge Sicilia, the chief economist of the BBVA Group, and Rafael Doménech, BBVA Research's chief economist for Developed Economies.
BBVA has exited the list of Global Systemically Important Banks, G-SIBs, published today by the Financial Stability Board (FSB). BBVA is predominantly a retail bank, with operations in over 30 countries and with a sound and straightforward business model. The decision is coherent with the nature of BBVA’s business model.
BBVA earned €2.82 billion in the first nine months of 2015, up 45.9% in y-o-y terms, without considering the one-off impacts from corporate deals closed so far this year (partial sale of CNCB and sale of CIFH and acquisitions of Catalunya Banc and of a 14.89% stake in Garanti). After factoring in these impacts, net profit totaled €1.7 billion, down 11.8% from a ye
The financial world faces the challenge of users demanding to manage their finances in their cell phones (PFM). Easily, quickly and very efficiently.
Banks, technology companies, card brands and payment processors, handset manufacturers and mobile operators have embarked on conquering the wallet market . A business that is buoyant and is closely linked to the cell phone boom . There are virtual wallets where you can store information on payment cards, bank accounts and other personal financial tools. And, what is more important: they allow payments to be made virtually.
BBVA COO Carlos Torres Vila spoke this Tuesday at the Innovate, Connect and Transform (ICT) conference held in Lisbon, where he said that the transformation of the financial industry is not only based on digitizing financial services, but also on reshaping the customer's experience.