The mobile versions of different banks are nearly always the most popular apps in the Finance category in stores like Google Play and App Store, However, other kinds of apps joining the top 10, be they corporate or not, can be indicative of user demands for managing their finances.
Finance
Finance
The Federal Reserve announced Wednesday that it did not object to the capital plan submitted by BBVA Compass Bancshares, Inc., as part of its Comprehensive Capital Analysis Review, or CCAR.
The European Banking Authority (EBA) announced the appointment of Santiago Fernández de Lis, Head of Financial Systems and Regulation at BBVA Research, as Chairperson of its Banking Stakeholders Group (BSG).
BBVA Research analyzes the consequences of Brexit. The UK has decided to exit the European Union in a referendum with a 52%-48% margin, and a participation rate of 72%. Prime Minister (PM) Cameron has resigned and will remain in charge until October, when the Conservative Party will choose its next leader. This note and the attached presentation look at the economic consequences of Brexit.
The outcome of the referendum that took place yesterday in the UK, where most Britons (51.9%) voted for the UK to leave the European Union, has triggered reactions across the world. Here are the 5 statements that you cannot miss about the Brexit:
The Federal Reserve Board released the results Thursday of the latest round of the Dodd-Frank Act Stress Test, which reported that BBVA Compass projections again exceeded the minimum applicable regulatory requirements for all nine quarters in the severely adverse hypothetical scenario as defined by the Fed.
The stress test, to which 33 of the country's largest financial institutions were subjected, is designed to evaluate whether the firms have sufficient capital to absorb losses in a hypothetical, severely adverse scenario. The scenario depicts economic conditions that are more adverse than expected conditions.
The results released on Thursday were from the first of two Fed stress tests. The results of the Comprehensive Capital Analysis Review, or CCAR, will be released next week.
BBVA Compass posts the results, and the full disclosure for both stress tests, here.
BBVA will pay a dividend of €0.08 per share starting July 11th. The Board of Directors agreed yesterday to pay shareholders this amount. The net amount after deducting the 19% withholding tax will be €0.0648 per share.
In a context marked by financial market volatility, the advantages of diversifying the sources of funding are evident for businesses, regardless of their size. In long-term financing, the two more broadly used funding instruments are loans (syndicated or bilateral) and bonds, placed among institutional investors. Both instruments can be more or less tailored to fit a series of parameter, including the company’s needs, mainly maturity and price, its credit profile, repayment capacity, the market’s momentum, etc…
Banks need to catch up and capture the zeitgeist of the digital and sharing economies and put power squarely in the hands of their clients if they want to thrive in today's world, BBVA Compass Chairman and CEO Manolo Sánchez said in a keynote address at American Banker's Digital Banking Conference Tuesday in New Orleans.
Virtual wallets have led the way to a revolution in how we pay. Their convenience and speed are key characteristics in their fight against credit cards.